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Sec 44AD Provisions

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Proprietor
538 Points Posted on 15 June 2020
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
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On 15 June 2020 at 01:17 Report
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4215 Points Posted on 15 June 2020
So what
12 Reply
On 15 June 2020 at 08:19
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Practice
3235 Points Posted on 15 June 2020
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..
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On 15 June 2020 at 10:45
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Consultant
1891 Points Posted on 15 June 2020

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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On 15 June 2020 at 12:46


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