SECTION 44AD (4) APPLICABILITY AND AUDIT UNDER SECTION 44AB

CA Vishal Variya (CHARTERED ACCOUNTANTS) (38 Points)

03 December 2021  

Will Section 44AD(4) will be applicable for AY 2021-22. if Yes. Reason for that.

Deatils 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.

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 caluse from 44AB(a) to 44AB(e)

Or

44AD(4) will applicable for AY 2021-22