SECTION 44AD(4) AND ITS LINKAGE TO 44AB
CA Vishal Variya (CHARTERED ACCOUNTANTS) (46 Points)
07 December 2021Deatils of Case
Opted for Section 44AD in
AY 2015-16
AY 2016-17
AY 2017-18
From AY 2018-19 to AY 2020-21. as per section 44AB(a) Audit was carried out.(T/O below 2cr)
But in AY 2021-22. Turnover is 80 lakhs and Income is 252000/-
Will audit will applicale to AY 2021-22 and if yes in which clause from 44AB(a) to 44AB(e)
Or
44AD(4) will be applicable for AY 2021-22