The assessee opting to pay tax under the provisions of Section 44AD A is not be required to maintain books of accounts as per Section 44AA and gets the accounts audited under Section 44AB of the Income-tax Act, 1961 where

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Question:The assessee opting to pay tax under the provisions of Section 44AD A is not be required to maintain books of accounts as per Section 44AA and gets the accounts audited under Section 44AB of the Income-tax Act, 1961 where

1. It claims that the profit and gains from the profession are higher than the deemed profit and gains

2. Total gross receipts should not exceed ₹ 60 lakh

3.Its income does not exceed the maximum amount which is not chargeable to income-tax

4.Both (A) and (C)

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  1. The assessee opting to pay tax under the provisions of Section 44AD A is not be required to maintain books of accounts as per Section 44AA and gets the accounts audited under Section 44AB of the Income-tax Act, 1961 where
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