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44 ad

21 June 2017

Dear Sir,

I am filled ITR for F.Y. 2014-2015 ON ITR-4S (SUGAM) under 44AD and for F.Y. 2015-2016 I filed ITR on ITR -4 on estimated basis, can i file Last Financila Year i.e. 2016-2017 again on 44 AD. As some new rule come on u/s 44 AD, under this new rule if I am discontinued to file under 44 AD, I am not allowed to file ITR for next five years under 44 AD??

Is this rule effective from this FY or it is applicbale on me, please help ...

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6 Replies

Ishank Garg (60 Points)
Replied 21 June 2017

yes sure but your annual turnover must be less than 2cr. and u must make audit from CA as per 44ab

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Ranjit Karmakar (124 Points)
Replied 21 June 2017

My turnover less around 15 lacs and I like to file my ITR under 44 AD, then why my return will be audited by CA ??

Ajit Hegde (CA - Final) (1367 Points)
Replied 21 June 2017

you can file u/s 44ad for 16-17

ranjitkarmakar (service) (306 Points)
Replied 21 June 2017

Dear Sir,

Thanks for your reply Sir, But I am filled ITR for F.Y. 2014-2015 ON ITR-4S (SUGAM) under 44AD and for F.Y. 2015-2016 I filed ITR on ITR -4 on estimated basis, Now I can file my ITR under 44AD ??

There is new rule on Section 44 AD, If I am discontinued ITR filling on 44AD, then I am not avail to file My ITR under section 44AD for next five year ???