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44ad 5 year rule please help
if return declared under 44ad in one year and in next year turnover greater than 2 crore so 44ad not applicable will that be a violation of 5 year continuous 44ad rule
Replies (2)
Yes.. u cannot go back to preemptive taxation for next 5 years even if ur turnover falls below 2cr.
Nope. it not breaking of five year rule. its just you got ineligible for 44ad and you are shifted back to 44ab
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