09 October 2015
AN ASSESSEE IS A CONTRACTOR DEDUCTED TAX U/S. 194C HAVING TURNOVER OF RS.21,62,817/- WHILE APPLYING 44AD FILING WITH ITR 4S IS IT COMPULSORY TO FILL DETAILS OF LIKE 1. GROSS TURNOVER ? 2. EXPENSES ? 3. NET PROFIT ? OR CAN BE FILED DIRECTLY FILL SECTION 44AD DETAILS OF PROFIT @12% ? SHOULD I PREPARE BALANCE SHEET OR PROFIT & LOSS ACCOUNT.