19 December 2022
Can we file ITR under section 44AD for the FY 2021-22 if we have discontinued filling ITR under section 44AD in FY 2019-20? What are the consequences?
19 December 2022
As there were normal assessment in FY 2019-20 & also in FY 2020-21, you can opt for presumptive assessment u/s. 44AD of the act (provided eligible as per the act) freshly in FY 2021-22 ( i.e AY 2022-23), but you will need to continue it for next 5 years.
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