A person has source of Income from the following:
Person doesn't want to select 44AD for Future & Option and 44ADA for Services, Instead he wants to present normal business & profession ITR with balance sheet. So, in this case is there any criteria that how much profit should be there so that Tax Audit don't get applicable?
- FnO Turnover is 45 Lakhs
- Service Receipts is 6 Lakhs
1. For services 50%
2. For F&O if sec. 44AB(e) not applicable, then no limit.
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