ONE OF CLIENT NOT MAINTAINING ITS BOOKS OF ACCOUNT AND HIS TURNOVER IS A.Y 2021 22 IS 1CR 54 LACK
HE WANT TO FILE U/S 44AD WITH MORE THAN 8%ProffIt
WITHOUT MAINTAINIG BOOK
CAN IT POSSIBLE
OR IN FUTURE ANY NOTICE WILL OCCUR .
PLEASE SUGGEST HOW I SUGGEST THEM
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INCOME TAX AUDIT a y 21 22
Replies (3)
YES, YOU CAN OPT FOR SEC. 44AD, WITHOUT ANY HITCH, IF THE ASSESSEE & BUSINESS IS ELIGIBLE FOR PRESUMPTIVE ASSESSMENT UNDER THE SECTION.
NO FUTURE QUERY IS RAISED FOR SUCH ASSESSMENT.
Thank u sir
Yes one can opt for section 44 ad if assessee eligible for Presumptive assessment tax.
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