Dear all,
One assessee file ITR-4 under Section 44AD last year ( A.Y. 22-23). It was his first IT return. Can I file ITR - 3 and declare profit less than 8% in A.Y. 23-24. His turnover is less than 1 crore. Is Tax audit U/S 44AB mandatory for this assessee?
please help.
Menu
Tax Audit for presumption taxation Assessee
Replies (4)
Yes, if total income is above BEL.
How many years he has to declare profit under 44AD?
For next five years more, total six years.
Thank You sir
Recent Topic
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
Related Topics
CAclubindia
