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44ad 5 year rule please help

Ankush (Student)     27 November 2020

 50 likes  1069 points

| My Other Post
if return declared under 44ad in one year and in next year turnover greater than 2 crore so 44ad not applicable will that be a violation of 5 year continuous 44ad rule
SiJo JoSe

SiJo JoSe   27 November 2020

SiJo JoSe

 24 points

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Yes.. u cannot go back to preemptive taxation for next 5 years even if ur turnover falls below 2cr.
veerendar singh

veerendar singh (tax consultant)     27 November 2020

veerendar singh
tax consultant 
 5 likes  139 points

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Nope. it not breaking of five year rule. its just you got ineligible for 44ad and you are shifted back to 44ab

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