TURNOVER FOR AY 21-22 WAS 1.20 CRORE , AND OPTED SCHEME 44AD BY SHOWING PROFIT MORE THAN 8%. NOW TURNOVER FOR AY 22-23 IS 1.50 CRORE SHOWING PROFIT LESS THAN 8% , HENCE AUDIT IS REQUIRED.
MY QUESTION IS FOR AUDIT WHICH SECTION APPLICABLE?
WHETHER AUDIT U/S 44AB(a) or 44AB(e) where Provision of 44AD(4) apply.
And Whether this should be count in 60 AUDIT limit or not
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AUDIT U/S 44AB or 44AD(4)
Replies (4)
Quick Summary
1. Sec. 44AB(e) of the act.
2. Not counted.
Sec 44AB(e) and same is not counted. Dhirajlal Rambhia sir one othe post has detailed and best explanation on this you can check it .
Thank you so much
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