SECTION 44 AA & 44 AB
This query is : Resolved
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
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
(Expert)
02 April 2008
Pls leave ur email id... will forward the format to u...
CA. Kirti S. Ganatra
(Expert)
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
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