Income tax return
This query is : Resolved
Somnath Das
(Querist)
26 October 2018
A person owns two school bus. Monthly income is 35000. Which ITR Form he need to file ?
CA R SEETHARAMAN
(Expert)
27 October 2018
You can opt for 44AD by declaring 8% profit on gross receipts and file ITR 4.
Somnath Das
(Querist)
27 October 2018
Ok. Thank you sir. Though I had a confusion between 44AD and 44AE. Now it's clear. Thanks.
CA R SEETHARAMAN
(Expert)
27 October 2018
Welcome, 44AE applicable only for trucks.
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