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Question ID : 40795

44AD

Financial year 2018-19 TO less than Rs. 1C. assessee did not avail 44D, but filed under normal accounts I know that for the next 5 years he cannot avail 44AD. But for 2019-20, he avails 44AD and files return. What will happen if this return is not accepted.

Posted by t sankar on Aug 24, 2020

Filed Under Profits & Gains of Business & Profession

Answer ID : 80694

If 44AD availed wrongly, return will not be accepted. To avoid further proceedings, it is better to file revised return if original is not processed.

Posted by CA. chunauti dholakia on Aug 26, 2020