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Sec 44AD Provisions
I show business income of financial year 2016-17 u/s 44AD. In Financial Year 2017-18 I have no business income but only salary income. So now in Financial Year 2018-19 can I show my business income u/s 44AD
Replies (3)
Quick Summary
So what
Yes you can... this is not the case where such facilities will be withdrawal.. you are not required to get your tax audit for continuing 5 year..
Yes, you can claim the profit u/s 44AD in FY 18-19 because in FY 17-18 you have not reported any business income.
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