5 Points
Posted on 31 December 2020
I'm filing my return on presumptive basis under section 44AD from Assessment Year 2015-16 to 2019-20 (5 years). Now in Assessment Year 2020-21 i chose to get audited. Now in next assessment year, i.e., 2020-21 will i have option to declare my income under 44AD and not compulsorily audited or maintain books of accounts?