Tax audit and section 44AD
This query is : Resolved
Mahabir Prasad Agarwal
(Querist)
20 November 2025
One of my client had got is accounts audited during FY 2023-24 (Turnover exceeding 1 crore). During FY 2024-25, he want to declare his income u/s 44 AD (Turnover between 1.00 to 2.00 crore). May he do so ?
20 November 2025
Yes, provided he has not opted out from sec. 44AD in any preceding five years.
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