banner_ad

SECTION 44AB

ITR Filing 217 views 4 replies

Dear All,

From Section 44 AB I understood that tax audit is not mandatory in cases where profit is shown less than 8%/6% and Section 44 AD has not opted for any previous year. 

When I was entering data in ITR Form 4 (Presumptive) following warning is shown:

If income less than 8%/6%, it is mandatory to have a tax audit under 44AB and regular IT3 or ITR5 has to be filed and not this form.

Why is it so?


Attached File : 2455492 20210325101812 itr 4 converted.pdf downloaded: 53 times
Replies (4)
Tax audit is not applicable if u r maintaining books (ITR 3) and offer income less than 6 or 8%. But if u opt presumptive Taxation (44AD), it is must to show 6 or 8%. Otherwise Tax audit to be done. ITR 4 is only for presumptive Taxation. So if u want to show less than 6 or 8%, u should go with ITR 3
Agree with Naveen

Income should be equal to or more than  8% 6/% as the case may , in order to qualify for ITR 4.

Thank you for the information.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details