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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2013 Dear Sir,
An individual who was salaried in a company now got retired & reinstated in the same company under the head contract i.e the tds is deducted under sec 194c.I have a doubt that can we apply sec 44AD i.e presumptive basis.I want to know whether we can calculate under this section or if ITR IV is applicable can i file his return with nil balance sheet. In ITR IV according to my knowledge the p&l account should be filled than only it is reflected in computation i.e profit as per P&l.It is not possible to fill directly in computation Profit as per P&L.
So please help me to know whether i can file as per 44AD or Can i File a nil balance sheet

Thank you.