Sec.44AD and audit U/s 44AB

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..... Dear All Please calrify following issue Mr. A is Manufacturer or trader or any bussiness other then plying of goods vehical . His T.O for the Year ended 31/03/2011 comes to Rs.45 Lacs. Only becaus .....

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..... e his T.O. is bellow Rs. 60 Lacs Section 44AD is applicable? If his net profit is below 8% of his T.O. of Rs. 45 Lacs, he required to get his accouts audited by CA? Is Section 44AD is optional or .....

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..... mendatory? Please reply. regards - Reply By CA Rachit Agarwal - The Reply = 1. 44AD is optional only in case where the audit is carried out by CA. It is mandatory if the assessee TO less than R .....

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..... s. 60 lacs and assessee do no wish to get his accounts audited. - Sec.44AD and audit U/s 44AB - Query Started By: - HIMANSHU JARIWALA Dated:- 24-5-2011 Income Tax - Got 1 Reply - Income Tax - Discu .....

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..... ssion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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