Can we go for voluntary tax audit u/s 44ab ???

CA Ashish Joshi (CA) (265 Points)

19 August 2011  


Hey there,



My question is that


1)Can we go for voluntary tax audit u/s 44AB eventhough the turnover doesn't exceed 60 Lacs?


2)If yes, then what will be the last due date for filling of return?


3)If the assessee is engaged in Food products business, purchases the agricultural produce e.g. chillies from farmers & crushes himself and sells the chilli powder then whether he can fall under presumptive scheme u/s 44AD ?


Thanks for the reply in advance.

Ashish Joshi