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