sir return has filed for last 5 years as books of accounts maintained u/s 44aa. but in actual no such books of accounts maintained.
and for AY 18-19 he wish to file his return u/s 44AD as books of accounts not maintained.
so what is recommended, if he should file his return u/s 44AD or not??
Menu
44ad recommended
Replies (1)
Yes... If Eligible Business and Assessee...
But.,
Note, If opt u/s 44ad then He must file u/s 44ad to next Four AYs.
Even if opt out from that sec then Tax Audit applicable...
But.,
Note, If opt u/s 44ad then He must file u/s 44ad to next Four AYs.
Even if opt out from that sec then Tax Audit applicable...
Recent Topic
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
- Internal reconstuction
- IDS Refund – Annexure B & GSTR-3B Match,
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
Related Topics
CAclubindia
