it assessess sec 44ada provision and sec 44ad provision two sections itr filed every year.it person cash un secured loans from different creditors rs:50 lacs amount received
question:
selection of scrutiny provision applicable in it act
if you are covered under 44ADA, you are not allowed to claim any benefits under 44AD. be always clear about this.
If there are cash transactions > 50 lakhs, you will end up receiving a notice.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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