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section 44AA

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25 July 2017 dear sir, When section 44AA will applicable and if tax payer applicable under section 44AA, he can show his business profit under section 44AD?

25 July 2017 44AD/44ADA benefits can be availed if the assessee satisfies the conditions as set out in the said sections, irrespective of the fact that 44AA is applicable

25 July 2017 my business turnover is not exceeds 2 crore and profite showing more than 8 percent and from previous 5 years I am furnishing income tax return u/s 44AD, NOW I received defective notice u/s 139 (9) they asking balance sheet and p&l as per 44AA.




25 July 2017 which ITR did you file?
It seems that you OR your CA or Tax consultant have chosen "No Account Case" rather than using ITR SUGAM form.
Is that so? Please inform

25 July 2017 filed in ITR 4 for A.Y 2016-17

18 October 2021 No need of BS & P&L account, provided income declared u/s. 44AD; but certain mandatory details are required to be filled.



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