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Whole sale and retail sales
Sir I an Accountant and want to know that my client is in receipt of notice under section 133(6) of the income tax act due to the reason the said assessee has not filed his income tax return for the asstt year 2021-2022 and the transaction of the assessee for the said year comes to Rs 14400000/- Rs one crore forty four thousand only Sir my query is that can I filed my income tax return under section 44AD on whole sale business of wine and can any audit is required.please guide me Thanks
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Upload the notice.
Sir please give me some advice in the above said matter
You can file itr U .
ITR U can be filed and above transaction of Rs. 1.44 cr can be shown under 44AD ( subject to which type of consideration received)
Sir please guide me what can I do I.e filed Return under section 44AD can any audit is required under the income tax act and I also want to know that the said case shall be opened under section 142(1) i e faceless assessment in response to notice issued under section 133(6) of income tax act 1961.Sir please also find uploaded the notice issued
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