Auto Driver Income


This query is : Resolved 

Quick Summary
This discussion clarifies the Income Tax Return (ITR) form requirements for auto-rickshaw drivers seeking loans. It confirms that ITR 4 is generally suitable for business income under presumptive taxation scheme 44AD. The advice also clarifies that while 44AD allows declaring income above the presumptive 8% of gross receipts, 44ADA is specifically for professional income.

25 August 2020 Sirs / Madam

Please clarify the following

Person is having auto rikshaw
In order to get loan he needs to file IT
Which ITR form needs to file

25 August 2020 File ITR 4 treating it as business income with 44AD.

25 August 2020 Sir

ITR 4 under 44Ad or 44 ada which column we need to submit

25 August 2020 44AD only, 44ADA for professional income.
You can file ITR 3 without 44AD to show more income.

25 August 2020 Sir

In 44AD we can show income maximum 8% of gross receipts only or more

25 August 2020 You can show more income no problem.


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