Opting for 44 ad this year
NICSON JOHN (513 Points)
21 July 2022NICSON JOHN (513 Points)
21 July 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166568 Points)
Replied 21 July 2022
Yes, you can; but keep eye on not opting out for next five years.
NICSON JOHN
(513 Points)
Replied 22 July 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166568 Points)
Replied 22 July 2022
No, once opted for sec. 44AD, you need to continue for at least 5 years, otherwise tax audit liability arises.
Live class on PF & ESI Enrollment & Returns Filing(with recording)