Section 44AD of IT act 1961 - Professionals - Taxation - TIK Share
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Section 44AD of IT act 1961


CA  HEMANTH KUMAR Y.S

2013-08-24

I want to know whether Section 44AD case ( those who are covered less than 8% of turnover/receipts is applicable for section 44AB celling limit.

CA Pulkit Sharma

2013-08-24

Hemanth, your question does seem to be complete. Can you explain the question in further details.

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Mukesh Jain CA

2013-08-24

Hemanth,

As per Sec 44AD, 8% is the minimum amount which needs to be declared. If an assessee does not want to declare 8% then tax audit u/s 44AB will apply.

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CA Pulkit Sharma

2013-08-24

I think your doubts is whether audits compulsory under 44AD are included in 45 audits a CA can do.

Well the answer is yes. Audits are to be included in 45 limits.

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