Section 44AB and Section 44AD

This discussion explores the eligibility for filing Income Tax Returns (ITR) under Section 44AD for the Financial Year 2021-22. The user has previously filed under Section 44AD for FY 2018-19 and FY 2019-20, but under Section 44AB for FY 2020-21 due to turnover exceeding 2 crores. The advice given is that if the turnover for FY 2019-20 was less than 2 crores, the user can continue to file under Section 44AD for AY 2022-23 (which corresponds to FY 2021-22).