Opting for 44ad this year
NICSON JOHN (513 Points)
13 November 2021NICSON JOHN (513 Points)
13 November 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 13 November 2021
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 13 November 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 14 November 2021
NICSON JOHN
(513 Points)
Replied 14 November 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 14 November 2021
If this is the first time you are opting for 44ad then you may opt for it and declare higher profits too. 44ad is not compulsory in nature.
But, within last 5 years, if you had opted for 44ad then you'll not be able to opt for it till you complete a cooling period of 5 years.
Vishal Manakshe
(258 Points)
Replied 15 November 2021
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"