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Difference between 44AD and 44AB

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193 Points Posted on 22 July 2018
Sir please clarify difference between 44AD and 44AB.
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On 22 July 2018 at 20:30 Report
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12244 Points Posted on 22 July 2018
44ad is presumptive taxation for eligible assessees for eligible business for turnover up to 2 crores

44ab - those who not opt 44ad and whose turnover exceeds 1 crores, required to audit their books of accounts
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On 22 July 2018 at 20:51
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3924 Points Posted on 22 July 2018
As per section 44Ab if your turnover exceed 1core you have get your accounts audited and as per 44AD income would be presumed to be 8% of the turnover only if turnover less than 2 crore .
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On 22 July 2018 at 20:58
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"Do the Right Thing...!!!"
128147 Points Posted on 22 July 2018
Yes... I agreed to above said replies.

Also fully agreed Mr Prasad Nilugal's reply...

As per sec 44AB Tax Audit limit Rs. 1cr...
As per sec 44AD Tax Audit not applicable upto 2cr.
463 Reply
On 22 July 2018 at 23:07


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