Hello Sir/Madam & friends..
Whether the income of an assessee a wholesale dealer in fruit business is liable to tax if his income exceeds basic exemption limit?
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Income from Fruit business
Replies (5)
Yes, under head PGBP
ok thank u sir..
yes, he has to pay tax.
option of section 44ad is also available.
option of section 44ad is also available.
ok thank u
yes if he has liabile under pgbp thought ITR-4 AND if he choose 44AD (8%of GR) ITR4S . IN 44AD NEW rules are applicable in ay 17-18
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