whether, an Individual , doing patent right consultancy and earning in foreign exchange is an eligible assessee to file ITR 4S i.e. presumptive income on which IT @ 8% is applicable.
Menu
Section 44ad of income tax act
Replies (1)
As per my knowledge, Section 44AD will not apply in your case.
Regards,
Devendra Kulkarni
Recent Threads
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
Related Threads
CAclubindia
