Sec 44ad(4)
jasneet kaur (35 Points)
28 August 2018
If assessee in AY 2017-18 has audited their books can asseesee adobt presumptive section 44Ad in A y 2018-19
jasneet kaur (35 Points)
28 August 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 28 August 2018
Assesse if had adopted 44AD and leaves it for 44AB cannot go back for 44AD for 5 years so if you have not left 44AD in 2017-18 then yes you may opt for 44AD in 2018-19
jasneet kaur
(35 Points)
Replied 28 August 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 28 August 2018
He can do so only if above conditions fulfilled
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