SEC 44 AD Applicability

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ANOOP V.P (Querist)
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22 July 2022 For a new business whether it is mandatory to opt Sec 44AD ?

say in first year it have loss, whether it want to pay tax @6% or 8% ?

Dhirajlal Rambhia (Expert)
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22 July 2022 No. Not mandatory. Keep books of accounts and filr ITR 3 under normal assessment. You can carry forward losses.

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