44ae or 44 ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 June 2017
Assessee has not maintained any books of accounts for last 3 years. He has been doing business of hiring 3 proclaimers and earns business income besides repairs of proclaimers. He would like to file Income Tax Returns for last 3 years now under presumptive taxation.
My query is whether he can file ITR 4S as per 44AE or 44 AD ?
whether proclaimer is a goods carriage or heavy goods vehicle?
suggest me ?
My query is whether he can file ITR 4S as per 44AE or 44 AD ?
whether proclaimer is a goods carriage or heavy goods vehicle?
suggest me ?
Amol S Joglekar
(Expert)
24 June 2017
44AD can be opted out.
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