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Section 44ad

This query is : Resolved 
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(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?
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CA Mahavir Shah

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CA Mahavir Shah (Expert)
16 March 2013 Yes you can file return u/s 44AD.
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Deepanshu Agg.

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Deepanshu Agg. (Expert)
16 March 2013 Yes you can file return u/s 44AD
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Ritesh Agarwal

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Ritesh Agarwal (Querist)
16 March 2013 Thanks for the support. Can I file using ITR 4S?
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Soumitra Basu

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Soumitra Basu (Expert)
17 March 2013 YES YOU CAN FILE ITR -4S
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CA Mahavir Shah

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CA Mahavir Shah (Expert)
18 March 2013 Yes you can file ITR 4S
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