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Querist : Anonymous

Querist : Anonymous (Querist)

02 August 2015 I TR 4S filed for A.Y.2015-16 and shown calculation of Profit&Loss on plying transport income under section 44AE shown for 3 transport 262500 ,but not shown presumptive income under 44AD i.e.not shown gross receipt/total turnover but shown only presumptive under 44AE and tax paid accordingly and shown an amount as sundry creditors but this is unsecured loan for purchase a Matador.Now my question will I revised the return or wait for assessment order.Return filed on 15.06.2015-please give me proper suggestion about this .
Waiting for your reply.
Thanking you,
Buddha deb Das

Amol S Joglekar

Amol S Joglekar (Expert)

02 August 2015 creditors are of 2 types TRADE creditors and OTHER creditors.
It seems you are struggling with this difference. You have shown OTHER creditors in the column of creditors....Not a wrong proposition per se...

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