If an assessee is forced to exit 44AD due to an increase in turnover i.e. above 2 Crore/Compulsory Audit. If next year the turnover does not require Compulsory audit(below 1 Cr.) ...can a re-entry to 44 AD be allowed?
Case:-
Turnover 2016-17 - 50 lacs - opted 44AD
Turnover 2017-18 - 3.5 crore audit
Turnover 2018-19 - 80 lacs
Whether opt section 44AD for F.Y.2018-19 ?
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