Regarding 44AD Provisions
This query is : Resolved
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
Please Anyone Clarify Here
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.
If in next year you have business income you can opt for 44AD.
17 November 2023
Ok Sir Thank You so much
17 November 2023
You are welcome..
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