Section 44 ad
This query is : Resolved
29 July 2013
Dear Sir,
I have One Doubt regarding Section 44 AD.
Income as per P & L A/c - 213000
Taxable Income as per Business & Profession Schedule - 188000
8 % of Gross Receipt - 190000
Weather we have to opt 8% Income or we can go by normal ITR -4 ?
Thanking You in advance.
I have One Doubt regarding Section 44 AD.
Income as per P & L A/c - 213000
Taxable Income as per Business & Profession Schedule - 188000
8 % of Gross Receipt - 190000
Weather we have to opt 8% Income or we can go by normal ITR -4 ?
Thanking You in advance.
29 July 2013
choice is yours u can opt sec44ad or file itr-4 with slab rates.
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