Menu
44ad not opting
last year my turnover was less than 2 cr so i opt for 44ad. this year also turnover is below 2 cr .but i dont want to opt for 44ad but declare profit more than 8% .can i file not opting 44 ad??..pls rply thanks in advance.
Replies (2)
Depends on how many years you have opted for 44AD already.
But it seems like you can still continue with 44AD and declare a higher profit. You can even declare 100% profit!
Unless you have a specific reason to opt out, may as well continue with it.
Some bank not accepting 44 ad return so i want to file normal business return declaring higher profit...ghat is the reason
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
