Regarding Return filing u/s 44AD
This query is : Resolved
17 July 2023
1).Assesses has files his return of income u/s 44AD for the A.Y. 2017-18 to A.Y.21-22 and for A.Y. 22-23 his turnover was 2.12 crore (cash payment and receipt are within 5% limit) so has filed return of income without audit (normal return filed without audit and maintain the books of account also for A.Y.22-23) and now for the A.Y. 23-24 has turnover of Rs. 1.5 crore so he can file his return of income u/s 44AD for AY 23-24. by showing 6%/8% profit?? or it will be treated as a violation of 44AD?
17 July 2023
No violation of 44AD file ITR under 44AD.
After 5 years only switch over happened that too turnover more than 2 crore.
After 5 years only switch over happened that too turnover more than 2 crore.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- RATE AND HSN CODE
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- Carriage Road Act, 2007 read with Carriage by Road Rules, 2011
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- TDS AND ITR ISSUE
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Bank details not Visible on Traces Portal
- Difference between Date of Payment and Date of Deduction?
- Journal entry of busniess expenses
- Cash balance limit and property purchases limit
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
