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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)
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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