Menu
ITR selection
An assessee has opted for Presumptive income while filing itr for A.Y 2019-20 so he has to continue it till A.Y 2023-24 ?? is it correct
Replies (2)
Quick Summary
If 44AD presumptive scheme is opted, then,
-> also required to follow the same for next 5 years (i.e. 5 years after the 1st year of opting)
-> if not done, then scheme not available for next 5 years (i.e. 5 years after the year of not opting)
So, if continued, then till AY 2024-25.
Thank you
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
