Regarding 44AD Provisions

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This discussion clarifies the rules around Section 44AD of the Income Tax Act. If you previously used 44AD for business income but now only have salary income and file ITR-1, you haven't broken the 44AD rules. This means you can still opt for 44AD in future years if you resume business activities.

suryadipsinh mori

suryadipsinh mori (Querist)
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17 November 2023 If i have income from business eligible for 44AD and filed ITR-4 For A.Y 22-23 And In A.Y 23-24 I only have income from Salary so i am filing ITR-1, So That point of view I am not following 44AD rules , so i am not able to opt 44AD for 5 years ?
Please Anyone Clarify Here

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 November 2023 You don't have business income in AY 23-24 so in such a case you are not breaking 44AD rules.
If in next year you have business income you can opt for 44AD.

suryadipsinh mori

suryadipsinh mori (Querist)
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17 November 2023 Ok Sir Thank You so much

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 November 2023 You are welcome..
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