SEC 44 AD Applicability
This query is : Resolved
22 July 2022
For a new business whether it is mandatory to opt Sec 44AD ?
say in first year it have loss, whether it want to pay tax @6% or 8% ?
say in first year it have loss, whether it want to pay tax @6% or 8% ?
22 July 2022
No. Not mandatory. Keep books of accounts and filr ITR 3 under normal assessment. You can carry forward losses.
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