44 ad- 5 years lock period
This query is : Resolved
GANGADHARA RAO
(Querist)
26 June 2018
Please advise me, in last before year (2017-18 AY), i have filed under section 44AD, now last financial year (2018-19 AY) turnover crossed 2.0 crores, so may be filed under section 44AB ?
Nikhil Kaushik
(Expert)
26 June 2018
you need to file the ITR-3 and get compulsorily audited under 44AB now. 44AD lock is applicable only till your turnover is within the limit.
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