banner_ad

Opting for 44ad in 2nd year

149 views 2 replies
User Avatar

514 Points Posted on 06 December 2021
last year my turnover was less than 2 cr so i opt for 44ad.but this year turnover exceed 2 cr ..so i should do the audit.but it is said that once 44ad is opted u cant chnge for 5 years..pls rply thanks in advance.
1 Reply Share Follow
On 06 December 2021 at 08:49 Report
Replies (2)
User Avatar

Managing Partner at TAXounting
8742 Points Posted on 06 December 2021
44AD say if you opt out from 44AD within 5 years that you needs to gets your accounts audited

As your turnover exceeds 2 cr and you are getting your accounts audited, so no need to worry
31 Reply
On 06 December 2021 at 08:59
User Avatar

514 Points Posted on 11 December 2021
Ok thanku.but even though i opt out from 44ad i declare more than 8% ..should i audit??
1 Reply
On 11 December 2021 at 09:12


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

J SINGH & ASSOCIATES

Ahmedabad

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details