If an assessee is making books of accounts under GST...
Can he opt 44AD for assessment of his income???
In future whether profit of books of accounts or declard under 44AD will be considered for his assessment???
Thanks
1 Replies
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 22 June 2018
Yes... Why not...?
IT law is admit the way then why they ban the filing.
No more restriction for opt u/s 44ad. You just keep the Outward / T/O details as per your transactions. That's enough as per IT
IT law is admit the way then why they ban the filing.
No more restriction for opt u/s 44ad. You just keep the Outward / T/O details as per your transactions. That's enough as per IT
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