U/s.44AD vs Proviso to u/s.44AB

You can  proceed under section 44AB  but as SUB SECTION (4) OF SECTION 44AD - You are nor eligible for filing return u/s 44AD for next Five Assessment Year.

SUB SECTION (4) OF SECTION 44AD is as under:-

(4) Where an eligible assessee declares profit for any previous year in accordance with the provisions of this section and he declares profit for any of the five assessment years relevant to the previous year succeeding such previous year not in accordance with the provisions of sub-section (1), he shall not be eligible to claim the benefit of the provisions of this section for five assessment years subsequent to the assessment year relevant to the previous year in which the profit has not been declared in accordance with the provisions of sub-section (1).


 

You can  proceed under section 44AB  but as SUB SECTION (4) OF SECTION 44AD - You are nor eligible for filing return u/s 44AD for next Five Assessment Year.

SUB SECTION (4) OF SECTION 44AD is as under:-

(4) Where an eligible assessee declares profit for any previous year in accordance with the provisions of this section and he declares profit for any of the five assessment years relevant to the previous year succeeding such previous year not in accordance with the provisions of sub-section (1), he shall not be eligible to claim the benefit of the provisions of this section for five assessment years subsequent to the assessment year relevant to the previous year in which the profit has not been declared in accordance with the provisions of sub-section (1).


 

Bur sir, I would like to proceed under clause (a),(b) of proviso to subsection (a) of section 44AD ie. without audit.

Read more at: https://www.caclubindia.com/forum/u-s-44ad-vs-proviso-to-u-s-44ab-602323.asp