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Income u/s 44AD

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audit and article assistant
49 Points Posted on 12 August 2018
Can we show a income less than requisite 8% with turnover less than 1cr with Balance sheet & profit & loss without tax audit in income tax return.
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On 12 August 2018 at 12:15 Report
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"Do the Right Thing...!!!"
128147 Points Posted on 12 August 2018
No... U/s 44ad no way for showing less than 8 percentage of profit...
If You will shown less than 8 percentage then Tax Audit is atract Your income...
463 Reply
On 12 August 2018 at 12:23
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audit and article assistant
49 Points Posted on 12 August 2018
any relevant material or section for reference
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On 12 August 2018 at 12:24
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"Do the Right Thing...!!!"
128147 Points Posted on 12 August 2018
Also refer sec 44AD...
463 Reply
On 12 August 2018 at 12:25
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24196 Points Posted on 12 August 2018
Yes agree with Raja sir.
Kindly follow this link
https://www.charteredclub.com/section-44ad/
161 Reply
On 12 August 2018 at 12:57
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Consultant
606 Points Posted on 12 August 2018
If you want to show profit less than 8%, then tax audit is compulsory
3 Reply
On 12 August 2018 at 13:27
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7059 Points Posted on 04 August 2019
good clarification and information
33 Reply
On 04 August 2019 at 18:33


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