Respected sir,
My client Had Audit For the Ay 2017 - 18 And after the Ay Year 2018-19,2019-20, 2020-21, & 2021-22 he opts 44Ad and Now he wants to Audit for the Ay year 2022-23.can he applicable for audit for 2022-23
Plz guide me.
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Audit Applicable or Not.
Replies (3)
Yes he can do so but he cant opt for 44AD in next 5 years.
But sir not complete 5 years for 44Ad from ay 2017-18 for continues 5 years
You can opt out from Sec 44AD any time but once you opt out means you go for audit then you have to get your books audited for next 5 years.
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