Itr doubt


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Querist : Anonymous

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Querist : Anonymous (Querist)
01 September 2013 Dear Sir,
business income is rs.520000 on presume basis of gto 65,00,000.
agriculture income is 225000.
can i avail benefit of 44ad (such as not maintained accounts, no advance ta liability)by fiing itr 4.
i cannot use 4s coz agriculture is more than rs.5000.
please suggest iam cofusing.

01 September 2013 It is unfortunate that u cannot use the sugam return.

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 September 2013 You are right sir,
but can i avail benefit of 44ad (such as no advance tax liability,not maintained accounts)in itr 4 or not?

02 September 2013 If u offer not less than 8 percent u need not maintain pucca accounts.


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