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If an assessee satisfies any of the following requirements, then they have to keep books of accounts and get accounts audited below area 44AB:The published down value (WDV) of property for tax uses shall be calculated as in the depreciation continues to be allowed each and every year. This WDV will be the value on the asset for tax needs in the cas
Then again, In the event the turnover is below Rs. six crores inside a financial calendar year nevertheless the taxable supplies for virtually any thirty day period exceeds Rs. fifty lakhs, then Rule 86B stands attracted.♦ Having said that, at the time it is set up that rule 86B applies, then the next table shall be checked to analyse irrespectiv
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