The Income chargeable to tax is lower than deemed profit Under Section 44AD. Is it necessary to get the books audited under Section 44AB.
If yes under which subsection of Section 44AB
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Tax Audit U/s 44AB
Replies (3)
Quick Summary
Yes if your claiming that your profit is less than the 8 or 6 percent you should audit your books of accounts and which is specified under 44AD itself .
Yes, Tax audit is mandatory if you filing Return under section 44AD presumptive Taxation and declaring profit less than 6% or 8% as the case may be..
Audit to be carried out u/s 44AB(e).
Audit to be carried out u/s 44AB(e).
Audit should be carried out under 44AB(e)
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