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Tax audit 44ab
Sir,
a medical professional(Doctor) is running a clinic HAVING gross receipts :- 24,80,000 (f.y 2016-17, a.y 2017-18) net profit :- 10,44,992 HAS FILED itr FORM 3 AND HAS NOT OPTED FOR PRESUMPTIVE INCOME SCHEME SIR, PLEASE CLARIFY WHETHER TAX AUDIT U/S 44AB IS REQUIRED . IF REQUIRED PLEASE EXPLAIN THE CLAUSE AND THE CONDITIONS THANKS
Replies (1)
Yes 44AB (d)
[d] carrying on the 34[profession] shall, if the profits and gains from the 34[profession] are deemed to be the profits and gains of such person under 35[section 44ADA] and he has claimed such income to be lower than the profits and gains so deemed to be the profits and gains of his 34[profession] and his income exceeds the maximum amount which is not chargeable to income-tax in any 36[previous year; or]
[d] carrying on the 34[profession] shall, if the profits and gains from the 34[profession] are deemed to be the profits and gains of such person under 35[section 44ADA] and he has claimed such income to be lower than the profits and gains so deemed to be the profits and gains of his 34[profession] and his income exceeds the maximum amount which is not chargeable to income-tax in any 36[previous year; or]
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