26 May 2017
1.INCOME FROM OLA TAXI CAN COVERED UNDER SECTION 44AD ? 2. AND THE ASSESSEE CAN FILE A ITR 4S? 3 IF HE HAS FILED LAST YEAR ITR 4 , SO WHETHER HE CAN FILE ITR 4S FOR THIS F.Y. 2016-17 ?
27 May 2017
Yes income from taxi can be shown under section 44Ad by declaring minimum 8% net profit but no separate deduction for depreciation will be allowed.
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