Question ID :
44702
Scope of Enquiry under section 133(6), when return was filled showing profit under sec. 44AD.
Sir,
An assessee filed his return of income tax showing profit under section 44AD. Now DDIT / ADIT has asked to submit his Balance sheet, profit and loss account and capital account. While assessee not maintained books of account. Is DDIT / ADIT legitimate to ask for these documents, do we need to prepare it and submit? Please advice.
Posted by
RAM KUMAR SARASWAT
on
Aug 06, 2024
Filed Under
DIRECT TAXES
You should take a stand that you have opted to declare profit u/s 44AD as such you have not drawn the balance sheet etc and as such not available with you
Posted by
CA J P AGARWAL on
Mar 01, 2025