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Query on 44ADA & AD

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7 Points Posted on 22 July 2021

i have filed a return on last year u/s 44ADA..
now can i file current year return under 44AD..
please suggest me...

if yes, is there any problem when i get bank loans..

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On 22 July 2021 at 17:51 Report
Replies (6)
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3924 Points Posted on 22 July 2021
44ADA is for professional and 44AD for Business , please reply .
5 Reply
On 22 July 2021 at 19:30
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Chartered Accountant
24588 Points Posted on 22 July 2021
If you're maintaining presumptive taxation you should maintain it for 5 years
129 Reply
On 22 July 2021 at 19:30
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CMA
13117 Points Posted on 22 July 2021
If you have changed your profession into some other eligible business, then you may be able to avail 44AD. As I understand, there is no problem w.r.t. bank loans whether you opt for 44AD or 44ADA.
92 Reply
On 22 July 2021 at 20:21
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7 Points Posted on 22 July 2021
As i understand, there is no issue for converting from 44ada to ad...
ok..
thank you very much for immediate respond..
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On 22 July 2021 at 22:24
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Chartered Accountant
86505 Points Posted on 23 July 2021
If your business was changed then you can change option but if you are carrying on same professional business then you can't opt Sec 44AD.
814 Reply
On 23 July 2021 at 06:17
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Chartered Accountant
24588 Points Posted on 31 July 2021
Agree with
129 Reply
On 31 July 2021 at 18:11


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