Is there any chances of getting notice for ITR filed under Sec 44AD. Which documents the AO may ask for such a case
Replies (3)
Quick Summary
Filing an ITR 4 under Section 44AD doesn't guarantee you won't receive a scrutiny notice. The Assessing Officer (AO) may request documents like sale transaction records, books of accounts, invoices, profit and loss statements, and balance sheets, especially if there are discrepancies. Be prepared for potential queries if bank deposits exceed your declared turnover.
Yes if there's any mismatch between the record they have and the record you give book of Account tally invoice if maintain in tally profit and loss statement balance sheet in audit case and other things if scrutiny notice come in particular notice they have mentioned which area they want to cross verify