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)

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)

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)

17 November 2023 Ok Sir Thank You so much

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

17 November 2023 You are welcome..
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