Sir if any one have business gross receipts 1200000 and he is able to show profit more than 8 %. Along with he has deducted tds under sec 194j for professional and technical fees received 115500
He is able to show profit upto 50%.
The question is that. Can he show business income under 44 ad and technical fees 44 ADA both?
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44ad and 44ada
Replies (9)
Yes... He show the way...
You will show the profit @ 8% U/s 44AD & 50% u/s 44ADA...
Thanku sir. Can you please provide me link which explains it.
194 sec. TDS on Divided ,So u/S 44AD you should file the return.
Yes what u said is exactly correct..
Can You Elobrate Both of You TDS deducted u/s 194J then How? Pls
Sir I can't understand your question
Nothing., You can file as per my Above Reply...
GOOD LUCK...
GOOD LUCK...
yes you must show both incomes in ITR 4 and fill mandatory columns in Balance sheet and once you file ITR 4 for current year then next 4 years you should follow Presumptive taxation other wise liable to get books of account audited u/s44AB and maintain books of accounts u/s 44AA..
Agreed with Jesus loves u
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