44AD Availability

Nehu (CA) (115 Points)

20 August 2023

Current Year - Turnover: 15 Lacs , Net Profit: 8 Lacs but ITR 3 filed & books of accounts maintained. Can next year we can opt 44AD ?

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4 Replies

RAJA P M ("Do the Right Thing...!!!") (127542 Points)
Replied 21 August 2023

Yes You can opt 44ad in next year.

sabyasachi mukherjee (26320 Points)
Replied 21 August 2023

44Ad availability is special and can be used . itr 3 filed and books of accounts maintained.

RAJA P M ("Do the Right Thing...!!!") (127542 Points)
Replied 21 August 2023

Very bad reply Mr Sabyasachi...

Eswar Reddy S (CFO- at NHTF) (58219 Points)
Replied 24 August 2023

You may opt for 44AD from next year there is no restriction.

But once you opt 44AD , you have 5 years restriction

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