watch_later 08/10/17

44ADA is a good section for professional.

However in my case suppose my gross receipts are 15 lakhs, however my profits are only 5 lakhs.

Do I have to compulsory get my books audited under section 44AD, if I show profits less than 50%?

1 Response | Latest response: 13/07/18 | Sort by Likes(thumb_up) Recent | Income-Tax Reply
watch_later 13/07/18

You can file your return under normal sections, instead of going for 44ADA.

44ADA is optional and not a compulsory section.


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