Presumptive income - Once the assessee’s income is accepted u/s ...

Income u/s 44AE Exempts Assessee From Maintaining Books or Audit Requirements u/ss 44AA and 44AB.

November 15, 2018

Case Laws Income Tax AT

Presumptive income - Once the assessee’s income is accepted u/s 44AE, then the provisions of section 44AA and 44AB are not applicable and consequently there can be no default on the part of the assessee for maintaining the regular books of account as well as getting the same audited.

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Presumptive income - Once the assessee’s income is accepted u/s ...

Income u/s 44AE Exempts Assessee From Maintaining Books or Audit Requirements u/ss 44AA and 44AB.

November 15, 2018

Case Laws Income Tax AT

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