If i choose to pay tax as per 44AD
but after 2 years my turnover crosses 2 Crore, will i still not be allowed to take 44AD for 5 years if my turnover falls below 2 crore?
Menu
Section 44AD
Replies (4)
You will be allowed to opt for presumptive taxation, as you had not opted out by choice.
So the restriction of 5 years ends if i become ineligible for presumptive taxation in between those 5 years right?
Yes, correct ...
"So the restriction of 5 years not applied, if one become ineligible for presumptive taxation in between those 5 years"
Okay. Thank you sir😊
Recent Topics :
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
Related Topics :
CAclubindia
