Filing Return of Professionals

183 views 2 replies

himanshu gumber

45 Points Joined April 2016

Please Tell ...I am Filing ITR of Professional in 44ADA. His Turnover is 45 Lakhs.

Earlier Years He was Audited.

I want to know that...Once Opted 44ADA ...then in Next 4 years also have to file in 44ADA. (jaise ki 44AD m hota h) ??

Replies (2)

Guest

yes he have to fill in 44ada

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

210818 Points Joined July 2016

The assessee can opt in and out of scheme at any time.

For example, a professional may file his return for AY 2017-18 under section 44ADA and opt out it for the AY 2018-19. There is no restrictions imposed in this regard as in section 44AD.