in assesememt year 2018 19
turnover was 10 lakhs and 44AD adpoted
in assessment year 2019 20
turnover was 80 lakhs
and audit was done
now in assesemt year 2020 21
turnover is 60 lakhs
can we adopt 44AD now?
Menu
44AD allowed or not , in this case
Replies (5)
File itr 3
Ones opt out of you presumptive scheme then you can't opt in for 44AD again for 5 years .
File ITR 4 , Presumptive taxation
Us 44ad once you show profit of any assessment year succeeding the assessment year in which you first selected that option you cant show your income as per this section until 5 years
Yes you can
Recent Threads
- Upload error for ITR 2 filing after validation
- CCI Forum gets fresh Look ! Share your views
- Presumptive taxation 44AD BLOCK PERIOD
- FORM 27Q FILING
- TDS for Advance Maintenance
- GST on product purchased at MRP
- TDS on Joining Bonus
- How to complete form10E Table details for the year
- How to submit ITR for old F&O losses
- Can an Software Engineer be termed as a workman an
Related Threads
CAclubindia
