dear sir/expert
plz give me suggestion about sec 44AD
sir i filled return U/S 44AD in this case maintenance of books of account is required or not (as per sec 44AA)
thanks & regards
shakti
Menu
regading sec 44AD and sec. 44AA
Replies (3)
Dear Shakti,under return U/S 44AD maintenance of books of account is not required if Income declared is upto or higher than 8% of the Gross receipts..
However,,to claim below the 8% of Gross receipts than the Books u/s 44AA and Audit u/s44AB mandatorily required.
Dear Shakti,
U/S 44AD If Income is higher than 8% of the Gross receipts. Then there is no any requirment to maintain of books of a/cs US 44AA
OTHERWISE, If INCOME CLAIM below the 8% of Gross receipts than the Books u/s 44AA and Audit u/s44AB mandatorily required.
| Originally posted by : ANKUR KUMAR | ||
 |
Dear Shakti,under return U/S 44AD maintenance of books of account is not required if Income declared is upto or higher than 8% of the Gross receipts.. However,,to claim below the 8% of Gross receipts than the Books u/s 44AA and Audit u/s44AB mandatorily required. |
 |
agree SIR.............
Recent Topics :
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
- Omitted sales shown in GSTR-1 Table 14 but not in
- EWAY BILL TAKE OUT OF OTHER COMPAMY
- Penalty & late fee for late ITR filing
- Business discontinued as Government took possessio
- Which Aviation Services Can Air Ticketing Professi
Related Topics :
CAclubindia
