44ad applicability
This query is : Open
16 July 2018
IF I OPTED FOR 44AD IN AY 18-19 , AND IN NEXT AY 19-20 IF I SHOW MORE THAN 8% PROFIT, THEN CAN I APPLY SECTION 44AD FOR AY 20-21?
16 July 2018
In case you do file return under section 44AD in a particular assessment year, you are not eligible to claim the benefit of section 44AD for the next 5 assessment years following the relevant assessment year.
29 July 2021
It's not 44AD, it's 44ADA
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