Menu
44AD, 44ADA & 44AB
this query is purely on academic basis. now after going through section 44AB, my perception is that either the assessee is required to opt 44AD/ ADA or he is mandatorily required to audit books of accounts. is my perception right? I invite the views of income tax veterans and stalwarts
Replies (1)
Section 44ab apply only when your turnover exceeds prescribed limit or your net business profit is below 8% or 6% as the case may be.
If above conditions not met then you can file regular return in ITR-3 without opting presumptive scheme.
If above conditions not met then you can file regular return in ITR-3 without opting presumptive scheme.
Recent Threads
- Tax audit applicability on fno, intraday
- NSDL and CDSL have not reported sales made on 28th
- Schedule FA table A2 - what to specify in amount?
- GST on Real Estate Developer | Construction Contra
- How to treat losses from f and o trading in itr
- ITR 44AD and Fno
- 44AD Future and Options
- Total Income consideration for Surcharge calculati
- CA Inter Costing best faculty
- CA inter best faculty
CAclubindia
