As per latest amendment in sec 44 Ad the assessse is req to get his accounts audited if the gross reciept or turnover
EXCEEDS 60 Lacks and that of "The BUSINESS".
as per sec 44AF not req to get his accounts audited if gross reciept does not exceed 60 lacs and in this section
assessse can claim Eligible business and eligible assessee i.e assessee having tunover of 50 lacs from one business and 50 lacs from other can clain 44 AF for both business.
query is that if the assesse is having a turnover of 50lacs from one business and 45 lacs from other business
does he required to get his account audited u/s 44 AB both eligible for sec 44 AD.
CAclubindia
