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 ?
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TAX AUDIT APPLICABLE IF OPT OUT 44AD AFTER 2 YEAR
Replies (4)
Quick Summary
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.
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