banner_ad

44AD block period

Others 776 views 4 replies
User Avatar

audit manager
459 Points Posted on 28 October 2019
Assessee filed ITR u/s 44AD in F. Y. 2016-17, 2017-18 and turnover was below 1crore.
In F. Y. 2018-19 assessee choose 44AB audit and the turnover below 1 crore.
There is any problem to choose 44AB audit in this year
1 Reply Share Follow
On 28 October 2019 at 19:20 Report
Replies (4)
User Avatar

"Do the Right Thing...!!!"
128152 Points Posted on 28 October 2019
( In F. Y. 2018-19 assessee choose 44AB audit and the turnover below 1 crore.
There is any problem to choose 44AB audit in this year )

As per Your query Assessee choose Audit u/s 44ab in FY 18-19 then He will file his ITR continueosly in same as above to Five FY...
1 Reply
On 28 October 2019 at 20:56
User Avatar

audit manager
459 Points Posted on 28 October 2019
Thank you for your feedback
Reply
On 28 October 2019 at 21:00
User Avatar

"Do the Right Thing...!!!"
128152 Points Posted on 28 October 2019
You are most welcome Dear...
Reply
On 28 October 2019 at 21:02
User Avatar

17264 Points Posted on 29 October 2019
Since you have opted to carry out audit under 44AB despite being qualifying under 44AD and not requiring tax audit,,

your voluntary action will be treated as exiting from 44AD.

You are thus opting out of 44AD. And the result is you won't be able to go for 44AD for next 5 years.
Reply
On 29 October 2019 at 13:28


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details