This discussion addresses whether a client with a turnover below Rs. 2.00 crores for FY 2024-25 can declare income under Section 44AD. The key factor is whether cash receipts exceed 10% of the turnover. If the business itself is eligible according to the rules, then the client can indeed declare income under Section 44AD, even with cash receipts exceeding the threshold.
30 July 2025
One of my client had turnover below Rs. 2.00 crores during FY 2024-25, but his cash receipts are more than 10% of the turnover. Whether he can declare his income u/s.44AD ?