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Section 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 August 2012 Hello frnd,
One partnership Firm having T/O of Rs. 1700000/- want to file return under Sec.44AD.
Now, 8% of 17 lacs comes to 136000/- and i have provided remuneration 90% on 136000 Rs.=122400 and interest on capital is Rs.12000 And hence my net income is Rs.1600.
But while filling form ITR-4S, its not accept the return as mentioned above.
Kindly advise me regarding which ITR form should i have to file?

Thanks in advance.
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Amol S Joglekar

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Amol S Joglekar (Expert)
08 August 2012 ITR 4S accepts the gross turnover. In case of firm go for ITR4... no account case module.
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