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Under Section 44AD, ADA, AE

NARENDRA (ACCOUNTS MANAGER) (1782 Points)

14 April 2022

Can one file his return under 44ad, 44ada,44ae without getting signature of ca ?

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11 Replies

Kev Men (756 Points)
Replied 14 April 2022

Yes. As all the above 3 sections are based on presumptive income. Audit is not required for the same in normal circumstances if the conditions of showing income according to the above sections is fulfilled. CA's signature will not be required to file/upload the return. It can be done by the assessee himself/herself.

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Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 14 April 2022

How much is the turnover ?

NARENDRA (ACCOUNTS MANAGER) (1782 Points)
Replied 15 April 2022

AROUND 25 LAC..... .....

Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 15 April 2022

If it is eligible business & if you opt for presumptive Taxation then CA signature is not required unless you need loan based on ITR

NARENDRA (ACCOUNTS MANAGER) (1782 Points)
Replied 15 April 2022

Yes my client want to be loan on the base of ITR .................

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CA Puja Sharma (Chartered Accountant) (4972 Points)
Replied 15 April 2022

CA Signature is only required for filing audit reports.

When you are filing your IT Return on the portal, It is only signed by you.

You can file your IT return u/s 44AD/ADA/AE without any CA signature.

debora M (BUSINESS DEVELOPMENT MANAGER) (1697 Points)
Replied 15 April 2022

The scheme of section 44AD is designed to give relief to small taxpayers engaged in any business, except the following businesses: Business of plying, hiring or leasing of goods carriages referred to in section 44AE. A person who is carrying on any agency business.

Your business's gross turnover exceeds Rs. 1 crore in any preceding year, or if your profession's gross receipts are more than Rs. 50 lakh in any preceding year. Your business or profession is presumptively covered under Sections 44ADA/44AE/44BB/44BBB , and your profit is less than the specified limit.