Account was audited for an assessee for A.y.18-19 with a turnover of Rs. 15000000.00 (1.5Cr)
But now assessee is not ready to do audit as his turnover for A.Y.9-20 is 17800000.00 (1.78cr)
Nature of business is construction contractor,
Can he opt in 44AD
Please suggest
Rashmi
Yes; but will be difficult to opt out till next 5 years!!!
Thank you sir, probably he will not going to do business more than 2cr in near future.
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
CAclubindia
