i want to file my return u/s 44AD by ITR 4S but i m having income from mutual Fund of Rs. 25000 which is exempt. can i file ITR 4S.
i want to file my return u/s 44AD by ITR 4S but i m having income from mutual Fund of Rs. 25000 which is exempt. can i file ITR 4S.
An individual deriving business income u/s 44AD cannot file SUGAM (ITR-4S), if there is exempted income > Rs. 5,000 [Rule 12(1)(ca) of the Income-tax Rules].
| Originally posted by : |)eep @ k Gupt/\ | ||
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An individual deriving business income u/s 44AD cannot file SUGAM (ITR-4S), if there is exempted income > Rs. 5,000 [Rule 12(1)(ca) of the Income-tax Rules]. |  |
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