Question ID :
44672
44AB audit applicable?
FY 22-23 - TO 80 lakhs. Profit 10%. Filed ITR4
FY 23-24 - TO 80 lakhs. Profit 10%. Ready to file with full PL and BS in ITR 3.
Is Audit 44AB(e) applicable here?
Posted by
Sivaraman A.R.
on
Jun 28, 2024
Filed Under
DIRECT TAXES
YES YOU CANT OPT OUT OF SECTION 44AD FOR 5 YEARS, IF YOU DO TAX AUDIT IS APPLICABLE
Posted by
CA Shrawan Suthar on
Jul 13, 2024