Tax liability on vehicle hiring
This query is : Resolved
03 March 2013
Sir,Tata sumo car giving on hire to a company on contract basis,company deducted tax U/s 194C.my query
1.shall i compute tax U/s 44AD declaring 8% profit or more.
2.Which ITR form i required.
plz suggest its urgent.
1.shall i compute tax U/s 44AD declaring 8% profit or more.
2.Which ITR form i required.
plz suggest its urgent.
03 March 2013
Yes, you can opt for Section 44AD.
.
ITR 4S will be applicable.
.
ITR 4S will be applicable.
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