24 October 2020
SIR, My query is as below: A.Y.2018-19 TURNOVER RS.40 LACS RETURN FILE UNDER SECTION 44AD A.Y.2019-20 TURNOVER RS.1.80 LACS AUDIT DONE UNDER CLAUSE 44AB(a) because turnover exceeding specified limits. now A.Y.2020-21 TURNOVER RS. 30 LACS. Whether I can File i.t.return under section 44AD FOR A.Y.2020-21? note: I have done audit for a.y.2019-20 under clause 44AB(a) but not under clause 44AB(e) because my turnover exceeding Rs. 1 crore for that year? Please reply fast. it's urgent kindly reply above query whether should go for audit or not?
CAclubindia
