Maintanace of books of a/c. and itr
This query is : Resolved
rajat sharma
(Querist)
08 February 2014
in case of DRIVING OWN CAR and if the income is bleow 200000/- per annum ,wheather books are needed to be maintained.
income exceeds 120000/-..............
wheather the above thing is applicable here.
and pls ensure me that ITR-4 is relevant for the above case.
income exceeds 120000/-..............
wheather the above thing is applicable here.
and pls ensure me that ITR-4 is relevant for the above case.
CA PARAS BAFNA
(Expert)
09 February 2014
As per Section 44AD Books of account are required where you show your taxable income @ less than 8% on the gross receipts.
.
You can file return U/s 44AD in ITR 4S..
.
You can file return U/s 44AD in ITR 4S..
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rajat sharma
(Querist)
09 February 2014
thank you very much sir .
09 February 2014
Additionally books of accounts not required to be maintained and no audit is required.
14 February 2014
for one car, not required to maintain books of accounts.
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