Section 44ada
This query is : Resolved
21 November 2017
If any person who is eligible for 44ADA has not chosen the option of presumptive taxation and offered income as higher than 50%. Can he revise return and choose 44ADA and offer 50% as his income?
Also whether if he has not chosen 44ADA during FY 2016-17 but wishes to choose it for FY 2017-18, is it possible?
Also whether if he has not chosen 44ADA during FY 2016-17 but wishes to choose it for FY 2017-18, is it possible?
21 November 2017
1 yes he can revise the return and opt for 44ADA.
2 Yes he can choose it from the 2017-18.
2 Yes he can choose it from the 2017-18.
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