Section 44ada
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 March 2018
For opinion of experts: whether an eligible person who has maintained accounts in the previous years
relevant to Assessment year prior to the Assessment year 2017-18 (introduction of 44ADA)
can discontinue to maintain accounts and opt for section 44ADA and file ITR on
presumptive income basis, for Assessment Year 2017-18 and subsequently.
relevant to Assessment year prior to the Assessment year 2017-18 (introduction of 44ADA)
can discontinue to maintain accounts and opt for section 44ADA and file ITR on
presumptive income basis, for Assessment Year 2017-18 and subsequently.
CA R SEETHARAMAN
(Expert)
20 March 2018
Yes 44ADA can be opted for those years without maintaining accounts.
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