44AD LOCK-IN PERIOD 5 YEAR

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  1. ASHISH KUMAR JAIN

    ASHISH KUMAR JAIN New Member

    WHAT IS THE MEANING OF "loose presumptive tax benefits, if you do not continue them for atleast 5 years"
    IF ANY ONE FILED HIS IT RETURN IN 2014-15 UNDER 44AD ,
    IS IT MANDOTORY TO CONTINUE IN FY 2015-16 FILE RETURN UNDER 44AD ?
    I WANT TO KNOW THAT FROM WHICH FY 5 YRS. LOCK IN PERIOD CONDITION WILL APLY?


     
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