If someone opted audit for AY_2017-18 with turnover of Rs.80 lakh...
Now for AY_2018-19 his turnover is Rs.30 lakh and he wants to file his return u/s 44AD.
can he file his return u/s 44AD with 6/8 % profit ??
Please reply.
Paresh Dholu (Chartered Accountants) (393 Points)
23 June 2018If someone opted audit for AY_2017-18 with turnover of Rs.80 lakh...
Now for AY_2018-19 his turnover is Rs.30 lakh and he wants to file his return u/s 44AD.
can he file his return u/s 44AD with 6/8 % profit ??
Please reply.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(112842 Points)
Replied 23 June 2018
Yes, he can.
There is no restriction on opting in 44AD for first time, restriction comes only while opting out of 44AD once and again opting in...
RAJA P M
("Do the Right Thing...!!!")
(115491 Points)
Replied 23 June 2018
| Originally posted by : Dhirajlal Rambhia | ||
 |
Yes, he can. There is no restriction on opting in 44AD for first time, restriction comes only while opting out of 44AD once and again opting in... |
 |
Yes I agreed to Mr Dhirajlal Rambhia Sir...
@ Mr. Paresh Dholu.,
If the Business is eligible to opt u/s 44AD then you go with that Section as Per Mr Dhirajlal Sir's view...
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