Income Tax Section 44AD

Reddy Sandeep (Ipcc) (13 Points)

02 December 2021  

I am a trader, I made a turnover of Rs. 1.5 cr 1.7 Cr for the AY 2018-19 & AY 2019-20, so I filed Income tax return u/s 44AD. during the AY 2020-21 I made a turnover of Rs. 2.5Cr and filed tax audit report. but during the current year my turnover is Rs. 1Cr. can I file Income tax return U/s 44AD or do I need to file a tax audit report?