hi
my question is:-
a.y. 2013-14
status - individual
income head:-
1)house prop,
2)income from business a) partnership, b) propreitor ship
3)income from other sources
hence i have cosen ITR-4
situation is that
income from partnership rs.1,97,000
income from propreitorship rs.33100(gross receipts rs.725825),,,,now does the income from prop business attract sec 44AD(1)?
IF yes then how to fill up form iTR-4 because deemed income in Schedule BS ---A37(i) does not pickup the deemed income OF RS.58,066(8% OF RS.7,25,825.00)
please respond on this issue.
thanks
vishal rathod