Sec 44ad & 44ae

Tax queries 596 views 1 replies

Dear CA Clubians,

          I have a doubt in  44AD & 44AE it is very urgent.   Assessee Carrying on Retail business and Hiring Vehicle.

In both Cases Prepared seperate P & L account. While Filing Income Tax Return Can I offer income combined u/s 44ad & 44ae .. or any other way. i am waiting your precious reply.

Thanks & Regards,

P.Kumar.

Article Trainee.

 

 

 

 

 

 

 

Replies (1)

Do not combine the income from Section 44AD and 44AE.

U need to show Profit and gains of Business or profession deemed  U/s 44AD and 44AE seperately in Sr.No. 33 fo Schedule BP in ITR - 4


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