Menu
44ad presumptive
Sir last year me filled in 44ad for these year don't want to take presumptive basis... Can i show less than 6% income now by filling itr3
Replies (3)
Yes but for next 5 years you must get your books audited under section 44AB. You can't come back to 44AD for next 5 years if you opt for audit.
If your profit (Business) less than 8 % you must conduct a Tax audit
If your profit (Business) less than 8 % you must conduct a Tax audit
Recent Topics :
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
Related Topics :
CAclubindia
