Tax Audit or Declaration U/S.44AD


This query is : Resolved 

Quick Summary
A client who has been filing their Income Tax Return (ITR) based on a tax audit for the past five years wishes to declare their income under Section 44AD for the current financial year. The query asks if there are any restrictions on this change. The response indicates that there are no general restrictions, provided the previous tax audits were not specifically conducted under Section 44AB(e) of the Income Tax Act.

01 October 2024 One of my client has been filing his ITR after Tax Audit since last 5 years. This year i.e. FY 2023-24, he decides to declare his income u/s. 44AD . Is there any restriction on this ?

01 October 2024 No restrictions, unless the tax audit carried earlier were under sec. 44AB(e) IT act.

11 October 2024 Good luck ....


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
ARTICLESHIP 28 July 2026
Article/Intern/Semi-Qualified/Fresher B.Com

VNSS & Co

Mumbai

Others

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details
Company
Featured 02 August 2026
Accounts Executive

Aashok F&C Advisory

Guwahati

CA

View Details
Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details
Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Follow