What is better 44AD AND AUDIT UNDER SEC 44AB
If turnover limit 1.25Cr for Ay 2022-23?
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WHAT IS BETTER 44AD and 44AB
Replies (3)
Depends on your net profit..if it goes below 8%/6% then 44AB is better
Calculate your actual net profit as per books of accounts..
If it's above 8/6% then go for 44AD and declare 8/6%
If it's below 8/6% then go for tax audit under section 44AB..
You have option to choose whichever is beneficial for you...
If it's above 8/6% then go for 44AD and declare 8/6%
If it's below 8/6% then go for tax audit under section 44AB..
You have option to choose whichever is beneficial for you...
If it is eligible business for 44AD then go for it.Else go b
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