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WHAT IS BETTER 44AD and 44AB

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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?
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On 07 March 2022 at 23:12 Report
Replies (3)
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Chartered Accountant
533 Points Posted on 07 March 2022
Depends on your net profit..if it goes below 8%/6% then 44AB is better
1 Reply
On 07 March 2022 at 23:32
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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...
59 Reply
On 07 March 2022 at 23:45
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CFO
1347 Points Posted on 08 March 2022
If it is eligible business for 44AD then go for it.Else go b
3 Reply
On 08 March 2022 at 07:37


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