If Assessee File Return last 2 years u/s 44AD
but current year turnover more than 4 cr which all are 100% digitally (all expenses and Revenue)
Then it is required to audit books of account due to he Not opted 44AD Section for Current Years ?
Menu
TAX AUDIT APPLICABLE IF OPT OUT 44AD AFTER 2 YEAR
Replies (4)
Audit is required now if profit is below 8%/6%
Profit Is 20 %
But Last 2 year filed U/s 44AD
Incase 44ad completed 6year then???
If profit is below 8/6% then audit is a must.
Recent Topic
- Clubbing of deceased's income
- Как быст
- Which ITR to use
- Sovereign gold bond capital gain
- In TDS section no column for relationship in itr
- Query related to agricultural income of Trust
- Full & Final Settlement — what changed u
- Capital gains or losses when new equity was issued
- Looking for a FMCG foods business to acquire
- Sale of mutual fund in zerodha and AIS
Related Topics
CAclubindia
