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Asking about ITR Form
One of my client business is small and taxi business.His gross receipt upto 5 Lakh. Which ITR Form is filed??
Replies (2)
you can declare the income under section 44AD and file ITR 4 or ITR 3 but from 2016 the law says that once you opt for 44AD tyen for next 5 years you will have to continue to decalre your income under 4rAD otherwise benefits will be disallowed
You can opt ITR 4 under business code " 11003 ". Declare 8% or more of your gross receipt as income under section 44 AD.
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