hi....if auto rickshaw person wants to file their income tax return than under which income head or which ITR can we use???
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Which ITR
Replies (9)
if auto rickshaw is owned by him then he can declare under the head pgbf u/s. 44AE (itr 4) Or else itr 1
but under 44ae is for only goods vehical???
and Itr 1 - how?
In my opinion ITR3 if he wants to show income less than 8% of turnover assuming most of the proceeds would have collected using cash. other wise 44AD and ITR4.
44AE IS ALLOWED FOR PLYING AND HIRING TOO...AND PROBABLY ITR 1 WON'T APPLY..THANKS FOR THE CLARIFICATION NITIN SIR
44AE WON'T APPLY... THANKS FOR THE CLARIFICATION NITIN sir
| Originally posted by : NITINBHAI PATEL | ||
 |
hi....if auto rickshaw person wants to file their income tax return than under which income head or which ITR can we use??? |  |
If he owns the rickshaw then it is business income; ITR-3 or 4S would be filed. It's better to show it under section 44AD to avoid maintaining detailed accounts. If he runs someone’s rickshaw and receives salary then it is salary income; ITR-1 would be filed.
About section 44AE, it is applicable only for goods carriages not for passenger rickshaw.
Thanks sir
if autorikshaw he owns then ITR 4S FOR A.Y. 2016-17 And ITR 4 FOR A.Y. 2017-18
Otherwise also same
as you cant show u/s 192 salaries
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