incometax
This query is : Resolved
31 July 2010
income from leasing light vehicles
AS PER AE44 3150*12=37800
PROFIT DECLARED = 60000
WHERE I WILL POST RS 60000 IN ITR-4 IN SHEDULE BP?
AS PER AE44 3150*12=37800
PROFIT DECLARED = 60000
WHERE I WILL POST RS 60000 IN ITR-4 IN SHEDULE BP?
31 July 2010
In SCHEDULE - BP
33. Profits and gains of business or profession deemed to be under -
section 44AF
33. Profits and gains of business or profession deemed to be under -
section 44AF
31 July 2010
SIR ACCORDING TO 44 AF I HAVE TO PAST 3150*12= RS 37800
BUT ASSESSE ACTUAL INCOME IS RS 60000
BUT ASSESSE ACTUAL INCOME IS RS 60000
31 July 2010
The show the profit in profit & loss a/c and dont show profit as per 44AF anywhere.
31 July 2010
BUT SIR ASSESSEE DID NOT MAINTAIN ANY BOOKS THATS WHY HE OPTS THE SECTION 44AE
IN INCOMTAX BOOKS IS ALSO \WRITTEN THAT ASSESSE CAN SHOW MORE INCOME
THEN IF ASSESSE SHOW RS 60000 ANY WHERE ELSE THEN HOW WILL DEPARTMENT WILL KNOW THAT HE IS FOLLOWING SECTION 44AE
IN INCOMTAX BOOKS IS ALSO \WRITTEN THAT ASSESSE CAN SHOW MORE INCOME
THEN IF ASSESSE SHOW RS 60000 ANY WHERE ELSE THEN HOW WILL DEPARTMENT WILL KNOW THAT HE IS FOLLOWING SECTION 44AE
31 July 2010
by the business code u mentioned in the opening page of ITR.
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