Return file under 4s in section 44ad

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Prakash (Querist)
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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.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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.

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