Can i opt for Section 44ADA if have 50 lakh + consulting turnover and declaring more then 50% profits or any other way to avoid audit and accounting.
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SECTION 44ADA for CONSULTING INCOME
Replies (3)
As per Your query...
50 lakhs + income then its under Audit
50 lakhs + income then its under Audit
Consultancy covered under profession. But to avail 44ADA turnover should not be more than 50Lakhs for FY -2022-23.
Hence you can't avail the benefit of 44ADA
Hence you can't avail the benefit of 44ADA
Sec 44ADA CONSULTING INCOME.
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