Anon
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%?
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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