ONE OF MY CLIENT -INDIVIDUAL HAS TURNOVER OF RS 20 LACS (TOTAL OTHER THAN CASH) IN FY 18-19
HE DECLARES PROFIT BELOW 6%
HIS TOTAL INCOME IS LESS THAN BASIC EXEMPTION LIMIT
HAS NEVER EXERCISED THE OPTION U/S 44AD IN PAST
IS IT COMPULSORY FOR HIM TO EXERCISE OPTION U/S 44AD OR ITS OPTIONAL?
IS AUDIT US 44AB REQUIRED IN THIS CASE?
CAclubindia
