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WHAT IS BETTER 44AD and 44AB

Others 248 views 3 replies

Rajkumar Bairwa

6 Points Posted on 07 March 2022

What is better 44AD AND AUDIT UNDER SEC 44AB
If turnover limit 1.25Cr for Ay 2022-23?

Replies (3)

CA. Abhilash Krishnan P

Chartered Accountant

533 Points Posted on 07 March 2022

Depends on your net profit..if it goes below 8%/6% then 44AB is better

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 07 March 2022

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...

CA Surya Sekar

CFO

1347 Points Posted on 08 March 2022

If it is eligible business for 44AD then go for it.Else go b

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