Whether section 44AD would be applicable in the below mentioned case?
Turnover for FY:2019-2020:Rs.69,00,000/- (All cash sales)
Net Profit: Rs.2,76,000 (Less than 8%)
Total Income above basic exemption limit
For FY 2018-2019 Income tax return filed under normal provision of Income tax act.
Hi,
Whether we have to do audit under section 44ab?
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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