Filing of returns u/s.44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 October 2014
Situation :
1)a assesses want to file income tax return u/s 44AD (ITR4S, turnover is below 60lakhs & declaring profit of 10%.)
2) in the same financial year he received LIC Maturity + PPF withdrawal exempted u/s.10 around 2,44,000/-
my question is
can he able to file return in form ITR4S or he has to file ITR4 ???
can he claim the exemption u/s 10. ?
can he add the said amount to taxable income for filing ITR4-S.
1)a assesses want to file income tax return u/s 44AD (ITR4S, turnover is below 60lakhs & declaring profit of 10%.)
2) in the same financial year he received LIC Maturity + PPF withdrawal exempted u/s.10 around 2,44,000/-
my question is
can he able to file return in form ITR4S or he has to file ITR4 ???
can he claim the exemption u/s 10. ?
can he add the said amount to taxable income for filing ITR4-S.
Nikhil Kaushik
(Expert)
17 October 2014
https://www.caclubindia.com/experts/filing-of-returns-u-s-44ad-itr4s-1896574.asp
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