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44ad

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(Querist)
14 January 2021 Dear Sir,
In fy 2018-19 turnover was 1.5 crore and asseessee had audit . and in fy 2019-20 turnover is only 20 lacs.
Whether assessee can opt 44AD in fy 2019-20 ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 January 2021 In case he opted out of 44AD last year he can't opt it now.
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tony

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tony (Querist)
14 January 2021 even the income is below taxable limit ?



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 January 2021 Tax audit not applicable in such a case but 44AD can't be opted.

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