Section 44AD(4) LEGAL IMPACT

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This discussion addresses the legal implications of Section 44AD(4) of the Income Tax Act, particularly for individuals who filed their ITR under Section 44AD for AY 2017-18 but then stopped filing until AY 2021-22. Experts advise filing under Section 44AD until AY 2022-23 to prevent the provisions of Section 44AD(4) from being attracted, thereby avoiding potential negative consequences.

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(Querist)
27 October 2021 A Y 17-18 ITR FILED U/S 44AD . AFTER THAT THE ITR NOT FILED UPTO AY 2020-21. NOW ITR FOR AY 2021-22 TO FILED U/S 44AD. EXPERT OPINIONS ARE SOUGHT IN CONSEQUENT RESULTS IN LIGHT OF LEGAL POSITION OF SEC 44AD(4). THANKS
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
27 October 2021 Advisable to file ITR under 44AD, till AY 22-23, so that sub-sec. 44AD(4) doesn't get attracted.
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MOHD SHAHID

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MOHD SHAHID (Querist)
27 October 2021 THANK YOU SIR FOR VALUED OPINION
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
27 October 2021 Most Welcome ...
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