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.
Menu
Audit Applicable or Not.
Replies (3)
Quick Summary
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.
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
