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FILE UNDER 44AD
An assessee whose construction receipt is Rs1.5 crores also paid Advance IT in full wants to file under 44AD now. Is it possible. What are the advantages and disadvantages???
Replies (1)
Advantage...... No future query from ITD.
Disavantage...... Fees to be paid u/s. 234F, and GST departmental query.....
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