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Section 44AD

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Student
33 Points Posted on 28 July 2018
During the AY 2017-18 the business was audited as the turnover exceeded 1 crore but this year the turnover is 90 lac. Can the assessee file return under section 44AD of the income tax act for the AY 2018-19?
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On 28 July 2018 at 12:42 Report
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Chartered Accountant
4524 Points Posted on 28 July 2018
Yes, you can file your income tax return under section 44AD.
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On 28 July 2018 at 12:49
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Chartered Accountant
12739 Points Posted on 28 July 2018

yes u can file but the lock in period is 5 years

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On 28 July 2018 at 12:51
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24196 Points Posted on 29 July 2018
Yes, the assessee can file return under section 44AD.
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On 29 July 2018 at 11:43


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