If income is more than mention in 44ae (more than rs.5000)
This query is : Resolved
20 August 2011
hello sir,
my father is doing transportation business.and we already files last two year returns.and we didn't maintain books of account. we wants to file return for assessment year 2011-12 because of getting home loan.and our business also covered in section 44ae. so please give me suggestion for filling return & procedure for that. thank u sir..
i also wants to know that if i am mention my income above rs. 5000 for one truck than can i do this?
my father is doing transportation business.and we already files last two year returns.and we didn't maintain books of account. we wants to file return for assessment year 2011-12 because of getting home loan.and our business also covered in section 44ae. so please give me suggestion for filling return & procedure for that. thank u sir..
i also wants to know that if i am mention my income above rs. 5000 for one truck than can i do this?
20 August 2011
File Chacha's return in ITR 4S.
Mention the income Under Section 44AE clause.
You can show higher hire income.
Mention the income Under Section 44AE clause.
You can show higher hire income.
Message likes :
1 times
21 August 2011
For showing higher income there is no bar but you cannot show lower income as prescribed in the section. The expert has rightly suggested to file the return accordingly.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Section 50-fixed asset-->building ceases to exist
- Regarding Applicability of Tax Audit u/s 44AB
- Consolidated financials
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
