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I file my income tax return u/s 44ad for the past 2 a.y.This year i should file my return u/s 44ab, because of my gross turnover exceeds Rs. 2 crores.Can i file my return again u/s 44ad in the next A.y, if my income is going to below Rs. 2 crores ??

Yes, the income tax allows to file return in 44AB if your turnover exceeds Rs. 2 crore rupees and at the same time, it also allows to file return in 44AD again in the next year if your turnover is below 2 crores. But do keep in mind, that this is allowed only on the basis of turnover, no other reason is allowed.

  •  David
  •  409 Views
  •  Goods and Services Tax (GST)
  •  Trichy



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