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Tax liability on vehicle hiring

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(Querist)
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.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
03 March 2013 Yes, you can opt for Section 44AD.
.
ITR 4S will be applicable.
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