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    Confusion under section 44ad

    Posted By : Saurabh / Published on : 07-Apr-2018 08:22 AM / View : 620 / Comment : 1

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    Whether we show profit upto 8% u/s 44AD if actual profit is more than 8% Let Suppose 25 % .
    Read more on : 44ad section under confusion

    • Dear Saurabh,

      If you have the profit which is less than 8% then audit becomes mandatory. In other cases, if you have earned 25% profit, there is no such requirement until you cross the threshold prescribed for mandatory audit.

      07-04-2018 / 08:45:07 AM
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