ITR filed under 44AD in AY 2019-20
AY 2020-21: Not filed ITR
AY 2021-22: 44AD can be opted & file it??
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ITR 44AD
Replies (3)
Quick Summary
It depends on the reason why it was not opted during ay20-21 or rather why no return was filed. If it was not opted because the turnover was more than the limit or if the income is within the basic exemption limit, then yes, you can opt for it again, I think.
As per my understanding, sub-section (4) is applicable only when the assessee does not declare profit in subsequent years as per sub-section (1) despite being an eligible assessee.
Is it like this?
Yes you can file
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