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.
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