Sec 44 ad of it act
This query is : Resolved
SUMIT SOMANI
(Querist)
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.
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
(Querist)
18 February 2014
Thanks Siddharth.
in ITR 4S can he claim salary income also and other deduction which is u/s 80C to 80DD?
in ITR 4S can he claim salary income also and other deduction which is u/s 80C to 80DD?
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.
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