Tax Audit Applicability: 44AB, 44AD, 44ADA explained with Examples; Controversial issues resolved

Navigating the complexities of tax audit requirements can be challenging, especially when determining the applicability of various sections. Can you opt for Section 44AD? When is an audit mandatory? This video provides a comprehensive guide to the provisions of Sections 44AB, 44AD, and 44ADA, shedding light on these frequently misunderstood topics.
The video breaks down the key aspects of each section, discusses the circumstances under which a tax audit becomes compulsory, and address some of the controversial issues surrounding these provisions. Real-life examples are be provided to help clarify the nuances and ensure you have a clear understanding of the rules.
If you have any specific questions, you may submit forms.gle/E4pW... or by way of comment to this video.

[@RKBTaxConsultancy]

It's was well explained

[@nishant3785]

Sir In case 44AD(4) Applicable and INCOME exceeds Basic Exemption Limit then 44AB apply. My Question is word INCOME is 'Gross Total Income' or 'Total Income' after Ch VIA deduction??

[@knowledgeupdates6940]

Gross income before Ch VI A deduction

[@hirenkatariwala2862]

In FY 23-24 Turnover below 1 cr 44 AD opted 6% shows
In FY 24-25 Turnover 1.30 cr 44AD not opted but shows profit 6.5% ( 5% criteria satisfied)
Can assessee opt 44 AD in FY 25-26 if turnover less than 1 cr and 5% criteria fulfill ???

[@knowledgeupdates6940]

In FY. 24-25 44AD not opted as you are not eligible due to turnover crosses 1 crore, than you can opt for 44AD in FY 2025-26.
However, if you have not opted in FY 24-25 eventhough you are eligible, than you can not opt for 44AD for next 5 years and audit would be compulsory.