Just a moment...

Report
FeedbackReport
Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Retail Trade Case: Section 44AF Inapplicable Due to Audited Books u/s 44AB Despite Low Income Reported.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Retail trade u/s 44AF - Income below the rate of 5% as prescribed u/s 44AF - Since the assessee maintained books of account duly audited u/s.44AB, there is no scope for application of the provisions of Section 44AF - AT....