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Audit 44AB(e) Mendatory

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Pivate
1492 Points Posted on 10 August 2023
Sir,

FY 2020-21 Turnover 50 Lacs Net profit 5 Lacs 94 thousand filed ITR under section 44AD. FY 2021-22 turn over 76 Lacs net Profit 3 Lacs 21 thousand filed ITR under section 44AB(e) FY 2022-23 Turnover over 17 Lacs profit 4 Lacs so can we go for 44AD

please suggest
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On 10 August 2023 at 09:23 Report
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194 Points Posted on 10 August 2023
No you can't opt sec 44ad bcoz once a 44ad lapse you can't opt 44ad for 5 a.yr. . and also you don't need too audit us 44ab bcoz your income exceed basic exemption limit
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On 10 August 2023 at 11:12
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ACCOUNTS MANAGER
2213 Points Posted on 10 August 2023

You can but not liable i think.Even I am eagerly waiting for the experts' comments on this.

1 Reply
On 10 August 2023 at 11:15
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SEO Sai Gr. Hosp.
211715 Points Posted on 10 August 2023

You have to file ITR with tax audit u/s. 44AB(e) IT act...

2 Reply
On 10 August 2023 at 11:47
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"Do the Right Thing...!!!"
128152 Points Posted on 10 August 2023
Yes, I agreed with Mr Dhirajalal Rambhia Sir...
4 Reply
On 10 August 2023 at 15:14
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Pivate
1492 Points Posted on 12 August 2023
Thank to all of you
1 Reply
On 12 August 2023 at 17:25
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SEO Sai Gr. Hosp.
211715 Points Posted on 12 August 2023

You are welcome.     

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On 12 August 2023 at 18:11


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