Audit
Tax Audit for Business Owners: Understanding 44AB vs 44AD Made Simple
Tax Audit for Business Owners: Understanding 44AB vs 44AD Made Simple
Ramesh is a 35-year-old businessman from Jaipur who runs a small electronics shop. Every year, he struggles with income tax filing
He had to run around, fix it at the last minute, and barely submitted his return in time. But this year, things got more confusing. His CA asked him, “Are you eligible for presumptive taxation under 44AD or is tax audit required under 44AB?”
Ramesh scratched his head. “What’s the difference? Why does it matter?”
If you’re in Ramesh’s shoes and want a clear, no-jargon explanation of Sections 44AB and 44AD, this blog is for you.
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