PRACTINCING COST ACCOUNTANT
75 Points
Joined September 2013
The individual has got income from 3 heads.
1. Business income (where books of accounts are maintained) - Though not mandatory as per 44AA
2. Salary Income
3. Business income (No books maintained)
Definitely He has to use ITR 4 for the AY 2016-2017.
Since accounts are there, the form is filled up with all details for item 1.
Item 2 is also accomodated in the sheet under salaries.
Where as the income under 3, (44AD), while entered in sheet BP, this is getting treated as already included in business income and there is no change in aggregate income. This happens in the ITR 4 utililty files provided by the IT department.
Is there are any alternatives, to show the income under 44AD, in addition to the regular business income?