Menu
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?
Replies (1)
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.
Recent Topic
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
- Abroad Jobs
- Professional Income in 44AD
- Presumptive taxation
- Claiming Pre Possession Home Loan Interest
- Tax on Pension from EPFO
- Indexation of Sale of Property under New Regime
- TDS ON RENT BY TENANT
- Forward tax charge gst related
Related Topics
CAclubindia
