Section 44ad
This query is : Resolved
Ritesh Agarwal
(Querist)
15 March 2013
I am a small scale manufacturer with sales turnover of Rs. 25 Lakhs, and the net profit is 2,05,000.00
As my net profit is above 8% of my sales, can I file return under section 44 AD?
Apart from the business income, I have income of interest (about Rs. 20,000.00) from bank deposits.
Can I use ITR 4S for filing return?
As my net profit is above 8% of my sales, can I file return under section 44 AD?
Apart from the business income, I have income of interest (about Rs. 20,000.00) from bank deposits.
Can I use ITR 4S for filing return?
CA Mahavir Shah
(Expert)
16 March 2013
Yes you can file return u/s 44AD.
Message likes :
2 times
Deepanshu Agg.
(Expert)
16 March 2013
Yes you can file return u/s 44AD
Message likes :
1 times
Ritesh Agarwal
(Querist)
16 March 2013
Thanks for the support. Can I file using ITR 4S?
Soumitra Basu
(Expert)
17 March 2013
YES YOU CAN FILE ITR -4S
Message likes :
1 times
CA Mahavir Shah
(Expert)
18 March 2013
Yes you can file ITR 4S
Message likes :
1 times
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