Income tax return u/s 44ad

agar hamne 2 saal ka return under section 44ad Kiya Hai.... or ab 3rd year return hame regular business ITR fil3 karna Hai to ham kar sakte Hai ya nahi... bcoz abi Hamara 3rd year ko turnover 95 lakh tk Gaya Hai...
Replies (2)
Quick Summary
If you've filed under Section 44AD for two years and wish to file a regular business ITR (ITR-3) in the third year, it's possible. However, be aware that opting out of Section 44AD within five years of continuous use requires a mandatory audit under Section 44AB(e) for the subsequent five years. This applies even if your turnover is within the 44AD limits.

As per sec 44AD(4) of the act, you will be required to get accounts audited u/s. 44AB(e) for next five years, if you opt opt of sec. 44AD within 5 years of continuation.

Thank you sir

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details