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Opting out of section 44ad for business



Querist : Anonymous (Querist)
07 December 2017
Dear all,
my client filed IT Return U/s 44AD for A.Y 2015-16 (turn over below 1 crore)

in A.Y 2016-17 & 2017-18 IT Returns were filed through tax audit (turn over below 1 crore)

Now again they want file their IT return u/s 44ad for A.Y 2018-19 (turn over below 1 crore)

Is it correct, because some one told me if once Opting out from this section, in next 5 years can not avail the 44AD section

please clarify mee



CA R SEETHARAMAN (Expert)


Click to Talk 07 December 2017
It is correct as you have opted out before the rule came in

B.Chackrapani Warrier (Expert)
07 December 2017
Section 44AD(4) says so as you heard.


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