Hello everyone,
one of my client has turnover of Rs.80 lacs in the previous year 2012-13 his net profit is 500000 (<8%)
he do not want to opt 44AD because he wl have to get his accounts audited.
My question :
can i file his return in ITR4 form without getting books of accounts audited since t/o is less than 1 cr although profit is less than 8% of t/o?
waiting for the views of the experts.
no dear your client has to get books of account audited for claiming income les than 8%..
as provision of 44AD includes any business..
i dont think that 44AD is mandatory. It is optional.
yeah 44 ad is not mandatory, i have similar view
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