SEO Sai Gr. Hosp.
211711 Points
Posted on 10 September 2016
Actually speaking, you are supossed to maintain accounts and may be liable to audit as per section 44AB. Section 44AE is applicable only for owned vehicles upto 10 numbers.
The suggested one is the best solution applicable within the meaning of the different sections.
If you can prepare accounts, may be near about, better go with ITR 4.