Section 44AD
Vedant Khanna (374 Points)
06 December 2018but after 2 years my turnover crosses 2 Crore, will i still not be allowed to take 44AD for 5 years if my turnover falls below 2 crore?
Vedant Khanna (374 Points)
06 December 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 06 December 2018
You will be allowed to opt for presumptive taxation, as you had not opted out by choice.
Vedant Khanna
(374 Points)
Replied 06 December 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 06 December 2018
Yes, correct ...
"So the restriction of 5 years not applied, if one become ineligible for presumptive taxation in between those 5 years"