Itr 4s and sec.44ad

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Querist : Anonymous (Querist)
07 August 2011 Respected CCI members
i have a query about the ITR4s. if any person having gross receipts of 350000/-p.a and having income of 159000/-. Sec. 80C 10000/-.then which ITR should be filed.and if it is ITR 4S then what is the procedure of sec.44AD.
source of income is renting of bistar.
What amount to be filled in option E1 to E6 if it is ITR 4S.

07 August 2011 SEC 44AD is not applicable on professional, first you need to clear source of receipt

07 August 2011 If it is simple renting of "beds", then you can easily fill ITR 4s for the same.

In 44AD u have to simply show your NP 159000, turnover and deductions.



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