Menu
Difference between 44AD vs 44AD(1) vs 44AD(4)
While filing ITR-4 ask questions like this, are you filed income under 44AD(1) earlier AY 2017-18, If filed under 44AD(1), 44AD(4) block periodshown in filing software like winman
Replies (1)
Section 44AD(1) enables the presumptive taxation scheme for eligible businesses, while Section 44AD(4) imposes a 5-year cooling-off period if you opt out of the scheme after previously using it, requiring you to maintain full books of account during that time.
Recent Topics :
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
Related Topics :
CAclubindia
