Can we revise return as per 44ADA ?

This query is : Resolved

Y R Prasad (Querist)
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27 December 2019 Dear Sirs,
I am consultant who provide technical consultancy. My firm is a Proprietorship

I filed IT return for AY 2017-18 as per normal Scheme of Taxation. I did not maintain books of acts. But I have receipts for the expenditure incurred for running my business

Later I revised the returns as per 44ADA.

Am I not allowed to do this ?

Kindly advise.

Thanks

Prasad

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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28 December 2019 If you have already revised your return you have to declare 50 % income of gross receipts

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