Income tax returns
This query is : Open
17 September 2017
If I AM FILLING ITR 4 UNDER PRESUMPTIVE TAXATION BASIS,AND FOR A PARTICULAR YEAR IF I FILE ITR 3 WHOULD MY PRESUMPTIVE BASIS TAXATION BENEFIT BE REVOKED FOR 5 YEARS, I WONT BE ABLE TO FILE ITR 4 FOR THE PAST 5 YEARS AND I HAVE TO FILE ITR 3 FOR THAT PERIOD, KINDLY REPLY AS SOON AS POSSIBLE, THANKS IN ADVANCE
17 September 2017
It is not what you understand.
If you opt out of Sec 44AD in any year then you can't opt same in next 5 years.
It is not related with form.You can fill ITR-3 even after opting Sec 44AD.
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