44 ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 July 2015
WHETHER A PROPRIETORHAVING BUSSINESS OF PHOTOGRAPHY CAN FILE ITR 4S, IF ITS TURNOVER/GROSS RECIEPT IS RS. 450000/- APPROX. IF YES THEN WHAT WOULD BE THE HEAD OF NATURE OF BUSSINESS.
10 July 2015
Yes return can be filed u/s 44AD showing 8% of gross receipts as net income in which all expenses will be deemed to have been granted.
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