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Itr 4s for u/s 44ae

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Querist : Anonymous

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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.


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