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INCOME TAX AUDIT a y 21 22

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LLB PERSUING
186 Points Joined October 2018
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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On 07 December 2021 at 21:22 Report
Replies (3)
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SEO Sai Gr. Hosp.
211542 Points Joined July 2016

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.

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On 08 December 2021 at 10:35
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LLB PERSUING
186 Points Joined October 2018
Thank u sir
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On 08 December 2021 at 10:40
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Company Secretary
7085 Points Joined March 2014
Yes one can opt for section 44 ad if assessee eligible for Presumptive assessment tax.
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On 12 December 2021 at 11:32

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