Sec 44 ad of it act

This query is : Resolved

SUMIT SOMANI (Querist)
Follow

18 February 2014 Can a petty contractor whose total receipt less than rs.10 lacs , eligible to file ITR 4s as he did not maintained any kind of records except its Ra bills copy and bank account.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

18 February 2014 Since the receipts do NOT exceed Rs. 1 crore, he is an eligible assessee u/s 44AD. Accordingly he can file ITR 4S.

SUMIT SOMANI

SUMIT SOMANI (Querist)
Follow

18 February 2014 Thanks Siddharth.

in ITR 4S can he claim salary income also and other deduction which is u/s 80C to 80DD?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

19 February 2014 Yes salary income can be shown in ITR 4S. Further deductions under Chapter VIA (80C, 80D, etc) can also be claimed in the return.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Vimlesh kumar

nitin

CA K GIRIDHAR

raval umesh

Suvigya Tiwari

Subscribe Now

Sec 44 ad of it act

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Accountant

GST CONSULTANCY

GST CONSULTANT

Senior Executive

Manager- Finance and Compliance