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Not opting for 44ad

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514 Points Posted on 20 December 2021
i dont want to opt for 44ad .i declare profit more than 8% can i file normal return ..?? pls reply thanks in advance.
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On 20 December 2021 at 16:31 Report
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Student
90 Points Posted on 20 December 2021
Yes, you can file normal return.
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On 20 December 2021 at 16:52
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74 Points Posted on 20 December 2021
Yes you can but if you file normal return then for next 5 years you can't file return under section 44ad.
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On 20 December 2021 at 16:55
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Student
90 Points Posted on 20 December 2021
Hi Akshay

That is applicable only if the assessee has opted in the PY and subsequently declaring income other than 44AD, right? Please correct me if I am wrong!!
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On 20 December 2021 at 17:01
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74 Points Posted on 20 December 2021
Correct
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On 20 December 2021 at 17:04


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