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ABOUT ITR -4S
IS IT CORRECT TO SAY THAT IF I FILE MY BUSINESS INCOME FOR AY:2017-18 IN ITR-4S , THEN I HAVE TO FILE MY BUSINESS INCOMÈ IN SAME ITR FOR THE SUBSEQUENT FIVE YEARS ?
Replies (3)
No...........
NO...
Yes from A.Y. 2018-19 if you opt out of Sec 44AD then you can't opt for Sec 44AD for next 5years
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