Hi all,
one of my Client has 2 owned cars & he hired 4 drivers under him & he pays rs, 80,000 in total for them.. he has diesel expenses & Repair expenses in additon to salaries .. he kept his cars under OLA and Uber & they deducted TDS on his pan & paid the Watever amounts they have to via bank transfers
Can he file itr4 under 44ad presumptive income
Yes, he can opt for section 44AD.
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
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CCI
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