44AD Query

I hv following query in one of my client.

ITR 4 filed for A. Y 2018-19 . Then Since ITR 3 has been filed for A.Y 2019-20 so whether same was required to be filed for A.Y 2020-21 also...

whether return of A.Y 20-21 need to be revised & to be filed ITR 3 instead of ITR 4 filed.. if return needs to be revised then what about audit under section 44ad(5) for A.Y 2019-20 and 2020-21


Attached File : 1175981 20210204010405 44ad query .pdf downloaded: 59 times
Replies (2)
Quick Summary
This discussion addresses a query regarding Income Tax Return (ITR) filing for Assessment Years (AY) 2019-20 and 2020-21, specifically concerning Section 44AD. The user filed ITR 4 for AY 2018-19 and ITR 3 for AY 2019-20, and is now questioning if ITR 4 for AY 2020-21 was correct, or if a revision to ITR 3 is needed. The advice given suggests that if ITR 4 was filed under 44AD, it must be maintained for five years, implying a revision might be necessary if ITR 3 was subsequently filed. This also raises questions about potential audit requirements under Section 44AD(5) for AY 2019-20 and 2020-21.

If you are filing itr4s by opting 44ad then you have to maintain it for 5 years. Otherwise if you are filing itr 3 then there is no problem no need to revise

ITR 4 in AY 18 19 

ITR 3 in AY 19 20

ITR 4 in AY 20 21 

is this correctly filed for AY 20 21 i.e ITR 4 ?? 

If AY 20 21 is not correct then do we need to revise AY 20 21 n file ITR 3 Revised ? Also so we need to do Audit then ? 

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