I am a trader, I made a turnover of Rs. 1.5 cr 1.7 Cr for the AY 2018-19 & AY 2019-20, so I filed Income tax return u/s 44AD. during the AY 2020-21 I made a turnover of Rs. 2.5Cr and filed tax audit report. but during the current year my turnover is Rs. 1Cr. can I file Income tax return U/s 44AD or do I need to file a tax audit report?
Menu
Income Tax Section 44AD
Replies (2)
You should continue to file ITR u/s. 44AD of IT act..
Once you filed Tax audit report under 44AB you should continue in 44AB
Recent Threads
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
Related Threads
CAclubindia
