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44ad

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(Querist)
30 March 2021 for FY 2018-19 Assesee was under 44AB as the trunover was 6 crores. For FY 2019-20 , the turnover is 1.4 crores only. Can the Assesee opt for 44AD for FY 2019-20?

Please guide
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Ganeshbabu K

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Ganeshbabu K (Expert)
30 March 2021 Yes, if assess can declare profit as prescribed in 44AD .

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