AUDIT U/S 44AB IS MANDATORY
B GKAMATAR (TAX CONSULTANT) (128 Points)
22 May 2021B GKAMATAR (TAX CONSULTANT) (128 Points)
22 May 2021
Sivaramaraju G
(Learner)
(2398 Points)
Replied 22 May 2021
What is mobile currency??
As you are saying it is a service and it exceeds 50 lakhs and also it is not a specified service as per 44AA hence you can't go with 44ADA.
So you have no other option except go for audit.
Will you get commission for this mobile currency service?? if so in that case also 44ADA is not applicable.
veerendar singh
(tax consultant)
(3301 Points)
Replied 22 May 2021
B GKAMATAR
(TAX CONSULTANT)
(128 Points)
Replied 22 May 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 22 May 2021
Sivaramaraju G
(Learner)
(2398 Points)
Replied 22 May 2021
veerendar singh
(tax consultant)
(3301 Points)
Replied 22 May 2021
Sivaramaraju G
(Learner)
(2398 Points)
Replied 23 May 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 23 May 2021
I agree with the above comments
veerendar singh
(tax consultant)
(3301 Points)
Replied 23 May 2021
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