I have filled return for A.Y 2018-19 u/s 44AD but due to commission income of 50000 approx I am unable to file u/s 44AD.
CAN I FILE NORMAL RETURN OR TAX AUDIT IS COMPLUSORY..???
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CONSEQUENCES OF OPTING OUT OF 44AD
Replies (1)
Normal Return until you are liable for tax audit. like if your turnover exceed 1 cr. or if you are showing profit below than 6% or 8% and your total income above exemption limit.
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