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?
CA Suraj Garg & Associates
New Delhi
CA Final
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M N Rao & Associates LLP
Vijayawada
CA Inter
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S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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CCI
Pro
CAclubindia
