ONE ASSESSEE IS ENGAGED IN WEIGHING BRIDGE SERVICE. NOW HE WANT TO FILE INCOME TAX RETURN .
BUT WHICH FORM HE SHOULD CHOOSE TO FILE ITR.
CAN HE CLAIM BENEFIT OF SECTION 44AD OF INCOME TAX ACT??
Rohan Bagra (91 Points)
23 March 2018ONE ASSESSEE IS ENGAGED IN WEIGHING BRIDGE SERVICE. NOW HE WANT TO FILE INCOME TAX RETURN .
BUT WHICH FORM HE SHOULD CHOOSE TO FILE ITR.
CAN HE CLAIM BENEFIT OF SECTION 44AD OF INCOME TAX ACT??
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161308 Points)
Replied 23 March 2018
Yes, he can declare presumptive income u/s. 44AD by filing ITR4
Rohan Bagra
(91 Points)
Replied 23 March 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161308 Points)
Replied 23 March 2018
Yes, stock will not be there (can put '0'). And profit margin will also be high, but no restriction to declare high profits....
CAclubindia
