Tax audit

IF TAX AUDIT IS DONE U/S 44AD THEN IN THE REPORT WHAT IS TO BE MENTIONED EITHER 44AB OR 44AD?

Replies (5)
manik tax audit required in case assessee declared income less than 8% of value of gross reciepts...tax audit not required in case assesse declared income as per provisions of sec 44AD

so it will be written? 44ab?

 

manik i already said tax audit not required...so question of write 44AB never arisee

sir assess ne profit 8% se kam show ki ya

hai iska matlab use audit karbana padega so ab audit u/s 44ab hoga ?

If assessse show profit less than 8% of gross receipts then he is required to furnish tax audit report u/s 44AB...another condition is that tax audit required if gross turnover exceeds 60 lac...or gross reciepts exceeds 15 lac.

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