Opting out of Sec 44AD

If an assessee opts for presumptive taxation scheme then he is required to follow the scheme for next 5 years. If he fails to do so, then presumptive taxation scheme will not be available for him for next 5 years and will be subject to audit if its total income exceeds the maximum amount which is not chargeable to tax. The question is, the assessee had filed its return in AY 2018-19 on presumptive basis. However, it hadn't filed the return for the AY 2019-20 and now wants to file its return for the AY 2020-21, AY 2021-22, AY 2022-23. Whether it shall be considered as the assessee has opted out of 44AD in AY 2019-20 when he hadn't filed its return of income?
Replies (1)

No. non-filing return will not make him opted out of the scheme.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
13 November 2026
Chartered Accountant - Fresher

Neeraj Bhagat & Co

New Delhi

CA

View Details
Company
12 November 2026
Tax Product Specialist

BharatX.ai

Gurgaon

B.Com

View Details