money lenders
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 July 2011
dear sir,
1)for money lenders which itr should be filed?
and
2)for wholesalers also 8% netprofit to avail benefits of 44AD.
1)for money lenders which itr should be filed?
and
2)for wholesalers also 8% netprofit to avail benefits of 44AD.
08 July 2011
1) ITR 4
2) 44AD available to whole sale business
2) 44AD available to whole sale business
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10 July 2011
He is doing the business of money lending and therefore ITR 4 is to be filed. He can take the benefit of 44AD provided his turnover is below the limit as prescribed u/s 44AB and his profit is above 8%
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