Itr 4s for u/s 44ae
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2015
One of my client's 26AS shows a income from Rs. 36,08,310/-towards hire charges. He owns 4 trucks..but as per 44 AE he is eligible only 360000/- (7500x4x12)..Can ITR 4S be filed ? Can income increase by book profit ? Any future problems ?? Pls Advice
10 September 2015
1 ITR 4S can be filed.
2 Yes income can be increased to book profit.
3 No future problem.
2 Yes income can be increased to book profit.
3 No future problem.
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