I want to know that, the person earlier who used to fall in 44AD of IT Act , has been enroled themselved in the composition Schemed of GST , in such situation whether 44AD of IT will be still valid for this person, as because no more assumption income can be shown to this composite schemed person. Please share your view in this regard.
Expert :
Anonymous
Expert :
Anonymous
(Expert)
07 December 2017
Hi... Mr. Ashim Kr Ray.,
Also it's in my mind when I filed some ITR u/s 44ad...
But, Also it's differed some scenarios. So, it ll come to effect some years after...
Querist :
Anonymous
Querist :
Anonymous
(Querist)
07 December 2017
I thing effect is will shown from very next year april 2018, those people Turnover is estimated 15lak to 25 lak will suddenly come down as for GST.Bcos those people enroll in composite scheme and they will not show this much of sale.