I want you comment for " Section 44AD is compulsury or not" If i have turnover of Rs 50 lacs & profit is below 8% i.e. 4% and my total income is Rs. 3 lac. Shall i get my accounts audited or not????? And what if i have maintained all books of account and not opt for Sec 44AD
Menu
Section 44ad
Replies (8)
Yes, it needs to be audited
Yes you need to get your books audited u/s 44AD........
Its good that you have maintained all books of accounts, it will be easier for auditor to audit
If profit is below 8% then it needs to be audited.
Agree with previous one's
Must have to Maintain books of acc*nt & got Tax audit by CA before 30 septmbr as u want to show Profit belw 8%
Yes if your profit is below 8% then you must maintenance of book of accounts & same should be get audited by CA.
Yes if Ur profit is below 8% then u must maintenance of books of accounts same should be get audited by CA
Yes, u required maintain books of accounts s as per sec. 44AA of IT act 1961 & mandatory audit as per sec. 44 AB
Related Threads
CAclubindia
