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Section 44 ad

This query is : Resolved 
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(Querist)
02 March 2018 if for for ay 2017-18 assessee file return u/s 44 AD and shows profit below 8% and get books of accounts audited so for AY 2018-19 can he opt out of 44AD.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 March 2018 Yes he can opt out of 44AD from AY 2018-19.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
03 March 2018 however, please note that in such a case such an assessee won't be eligible to claim 44AD benefits for next 5 years if he goes for audit in AY 2018-19.
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