total turn over 20055000
cash deposited is showing asi 1050000 it's consider 44ad are not
✔ Section 44AD is applicable since turnover is within ₹2 crore.
✔ Cash deposit shown in AIS does not automatically disqualify 44AD.
✔ Only business cash receipts matter for the 5% test.
✔ If business cash receipts exceed 5%, 6% rate not allowed, but 8% is allowed.
✔ 44AD is not rejected merely due to cash deposit in AIS.
Aggarwal Sarawagi and Co
New Delhi
CA
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
