SECTION 44 AA & 44 AB

This query is : Resolved

harshit (Querist)
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02 April 2008 MY FRIEND WAS IT CONSULTANT RECEIVED FORM 16A FROM IT COMPANY AS CONTRACT PAYMENT.

HE WAS RECEIVED RS.1177973 TOTAL RECEIPT ON THAT TDS DEDUCTED BY IT COMPANY.

NOW HE WAS FILING IT RETURN (ITR 4) A.Y.2008-09.

PLEASE SUGGEST ME TO HOW TO PREPARE INCOME & EXPENDITURE STATEMENT OR AS PER SEC.44AA.
PLEASE TELL ME GROSS RECEIPTS

Amit Sharma

Amit Sharma (Expert)
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02 April 2008 Pls leave ur email id... will forward the format to u...

harshit

harshit (Querist)
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02 April 2008 sreenivaas5@yahoo.com
srinivasd_ia@sivashakthi.net

CA. Kirti S. Ganatra

CA. Kirti S. Ganatra (Expert)
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02 April 2008 Rs. 1177973/- is income. Deduct Tax related to this income and depreciation on Fixed Assets. Calculate Profit then Tax reduce TDS amount from it and pay/refund balance Tax