ITR 44AA to 44AD

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265 Points Posted on 14 March 2024
Sir,

previous year I filed ITR3 Under section 44AA proper books of accounts with balance sheet and pNL account. so please suggest can Current FY i go for Under presumptive income section 44AD ( FILe ITR4)
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On 14 March 2024 at 21:37 Report
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This discussion addresses whether an individual who previously filed ITR3 under Section 44AA, maintaining proper books of accounts, can switch to presumptive income under Section 44AD (filing ITR4) for the current financial year. The key factor is eligibility for Section 44AD, including checking past filings under this section and ensuring all conditions are met.

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"Do the Right Thing...!!!"
128157 Points Posted on 14 March 2024
Yes, if Your business is eligible that section.
and check out the provisions also...
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On 14 March 2024 at 22:37
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CA
10436 Points Posted on 14 March 2024
In last 5 years have you filed in 44AD before? If yes then you can't file and if no then you can file
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On 14 March 2024 at 22:38
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Profession
28261 Points Posted on 15 March 2024
Sec 44AD ELIGIBILITY CONDITIOBS ARE NOT FULFILLED.
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On 15 March 2024 at 07:22

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