44AD(4) compulsory audit

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jayesh khokhariya (Querist)
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09 September 2023 Assesses opted for 44AD in A.Y. 2017-18 and in A.Y.2018-19 Opted out so compulsory audit done from A.Y.2018-19 TO A.Y.2022-23. SO he can again opt for 44AD in the A.Y. 2023-24

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 September 2023 Yes he can opt for 44AD in 2023-24.

CA Prateek Garg

CA Prateek Garg (Expert)
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11 September 2023 Sub section (4) bars the option of 44AD for five years subsequent to the year in which assassee opted out of 44AD. So in totality bar works for 6 years (1 year in which assessee opted out + 5 subsequent years)

In your case 44AD will not be available for AY 2023-24. However you may opt it with effect from AY 2024-25.

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