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

income would be computed as per the normal provisions of the Income Tax Act (i.e. Revenue –Expense-Depreciation) and the assessee would also be required to get his accounts audited under section 44AB. Moreover, if an assessee is applying section 44AD, he won't be allowed to claim any expense or depreciation.

Under Section 44 AB of Income Tax Act, audit of accounts is compulsory if: - Your business' gross turnover exceeds Rs. 1 crore in any preceding year or if your profession's gross receipts are more than Rs. 50 lakh in any preceding year.

Thank You for Your Reply
My question is regarding section 44AD(4) And its linkage to Section 44AB

According to facts of the case assessee doesn't withdraw 44AD in earlier for his choice it is apparent that due to specific provision he had to file return under normal business thus one can say he had not violated the condition under 44AD(4) thus can opt for 44AD in this AY.

This is my point of view you can wait for other experts view before coming to any conclusion.

Thank You Sir for your Opinion

Section 44AD is facility i.e. option available to the assessee it is not mandatory for eligible assessee to opt for Section 44AD.

Thank you sir for your Opinion