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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Query on 44ADA & AD
Replies (6)
44ADA is for professional and 44AD for Business , please reply .
If you're maintaining presumptive taxation you should maintain it for 5 years
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.
As i understand, there is no issue for converting from 44ada to ad...
ok..
thank you very much for immediate respond..
ok..
thank you very much for immediate respond..
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.
Agree with
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