I have filled return for A.Y 2018-19 u/s 44AD but due to commission income of 50000 approx I am unable to file u/s 44AD.
CAN I FILE NORMAL RETURN OR TAX AUDIT IS COMPLUSORY..???
Menu
CONSEQUENCES OF OPTING OUT OF 44AD
Replies (1)
Normal Return until you are liable for tax audit. like if your turnover exceed 1 cr. or if you are showing profit below than 6% or 8% and your total income above exemption limit.
Recent Threads
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
Related Threads
CAclubindia
