ITR filling under section 44AD
This query is : Resolved
19 December 2022
Can we file ITR under section 44AD for the FY 2021-22 if we have discontinued filling ITR under section 44AD in FY 2019-20?
What are the consequences?
What are the consequences?
19 December 2022
How had you file ITR for FY 2020-21?
Whether tax audit report submitted with ITR?
Whether tax audit report submitted with ITR?
19 December 2022
yes itr for fy 2020-21 has been filed (itr-3). Audit was not applicable in that period
19 December 2022
Financial Year
2013-14 to 2016-17 -ITR filed 44AD
2017-18 - ITR NOt Filed
2018-19 - itr filed 44AD
2019-20 and 2020-21 - ITR 3 Filed (non audit case)
2013-14 to 2016-17 -ITR filed 44AD
2017-18 - ITR NOt Filed
2018-19 - itr filed 44AD
2019-20 and 2020-21 - ITR 3 Filed (non audit case)
19 December 2022
Whether the income for FY 2019-20 & FY 2020-21 were above basic exemption limit?
19 December 2022
Yes, income for both the FY were above basic exemption limit but the turnover is below audit limit
19 December 2022
As there were normal assessment in FY 2019-20 & also in FY 2020-21, you can opt for presumptive assessment u/s. 44AD of the act (provided eligible as per the act) freshly in FY 2021-22 ( i.e AY 2022-23), but you will need to continue it for next 5 years.
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