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Whether return u/s 44ad can be nil tax return..

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(Querist)
02 January 2015 One of my client doing trading business of fresh vegetable having gross annual turnover Rs. 2555000/-. so as per 44AD income will be Rs. 204400 and he is resident individual so tax will be NIL after rebate of 78A.

He want to file a return u/s 44AD. Whether he can do so???
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Ganeshbabu K

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Ganeshbabu K (Expert)
02 January 2015 Yes he can do so.No problem in filing ITR-4S as he is doing Eligible business under section 44AD
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GOPAL KUMAR

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GOPAL KUMAR (Querist)
02 January 2015 If the client has a general store or grocery store then also can he do the same.



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Ganeshbabu K

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Ganeshbabu K (Expert)
02 January 2015 yes.He can do so.Business given by you are eligible under 44AD
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GOPAL KUMAR

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GOPAL KUMAR (Querist)
02 January 2015 thanks for ur advice
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CA Nitin K. Varshney

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CA Nitin K. Varshney (Expert)
02 January 2015 yes gopal, u can file nil itr- 4s for any business. its not mandatory to pay tax on filing return u/s 44AD/AE.
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GOPAL KUMAR

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GOPAL KUMAR (Querist)
08 January 2015 Thank you nitin sir for ur advice

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