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44ad not opting

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514 Points Posted on 13 December 2021
last year my turnover was less than 2 cr so i opt for 44ad. this year also turnover is below 2 cr .but i dont want to opt for 44ad but declare profit more than 8% .can i file not opting 44 ad??..pls rply thanks in advance.
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On 13 December 2021 at 08:22 Report
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695 Points Posted on 13 December 2021

Depends on how many years you have opted for 44AD already.

But it seems like you can still continue with 44AD and declare a higher profit. You can even declare 100% profit!

Unless you have a specific reason to opt out, may as well continue with it.

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On 13 December 2021 at 08:55
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514 Points Posted on 13 December 2021
Some bank not accepting 44 ad return so i want to file normal business return declaring higher profit...ghat is the reason
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On 13 December 2021 at 09:51


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