Return file under 4s in section 44ad
This query is : Resolved
12 March 2014
Dear Sir,
i have gross receipt 990000.00 and my net profit is 190510.00 and tds 9900.00 than which type of income tax return i filled and can i filled ITR4S? and can i take benefit in 44AD section? and this is my first income tax return to file.
i have gross receipt 990000.00 and my net profit is 190510.00 and tds 9900.00 than which type of income tax return i filled and can i filled ITR4S? and can i take benefit in 44AD section? and this is my first income tax return to file.
Nikhil Kaushik
(Expert)
13 March 2014
Dear Prakash,
you can filed under 44AD, only if you show profit at atleast 8% of the turnover. Since your profit is more than 8%, you can file under 44AD without any problem.
you can filed under 44AD, only if you show profit at atleast 8% of the turnover. Since your profit is more than 8%, you can file under 44AD without any problem.
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