1st time tax audit done then is it compulsary to do for more 5 years?
Jugal Patel (1 Points)
13 September 2019Jugal Patel (1 Points)
13 September 2019
Deepak Gupta
(CA Student)
(15922 Points)
Replied 13 September 2019
No, there is no such compulsion.
I think the following has raised your doubt…
An eligible assessee who declares profit as per Sec. 44AD and in any subsequent year does not opt for Sec. 44AD then for subsequent 5 years he can’t opt for 44AD.
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