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Sec. 44ad return
IT Return for the FY 2018-19 is filed u/s 44ad. Return has not been filed for FY 2019-20 & 2020-21. If return is to be filed for FY 2021-22 then is it to be filed u/s 44ad only or Audit is applicable as it is treated as opt-out from Sec. 44ad for FY 2019-20?
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If you file ITR of FY 2021-22 u/s. 44AD of the act, tax audit will not be applicable, & non-filling of earlier ITRs would not be treated as opt-out, if the filing of the ITR was not mandated as per sec. 139(1) of IT act.
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