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44AD- Applicability of 44AD(4)
I had reported income u/s 44ad for the p.y. 17-18. In next two years I voluntarily opted for audit. No in the p.y. 20-21 I want to report the income under section 44ad. Will it be violation of sub section 4 of sec 44AD?
Replies (2)
Quick Summary
Yes,
You cannot opt in Sec. 44AD for next 5 years, once opted out.
Yes it will violate
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