Itr file 44ae and 44ad

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 December 2015 DEAR ALL

'A' COMPANY (PROPRIETORSHIP) HAS 8 TRUCK AND INCOME SHOW IN ITR U/S 44AE

THE COMPANY HIRE OTHER TRUCK FOR TRANSPORTATION WORK (TURN OVER APRROX. 5 CRORE ANNUAL) AND INCOME SHOW UNDER ITR 44AD .(BUSINESS INCOME )
MY QUERY IS
1. FILE ITR AS ABOVE SAID IS CORRECT.
2. HOW MAINTAIN ACCOUNT BOOK
3. IS MANDATORY SHOW TRUCK INCOME (44AE) IN P&L
4. IS MANDATORY SHOW FIXES ASSET ( 8 TRUCK ) IN BALANCE SHEET
5. HOW TO HANDLE OF DEPRECIATION OF TRUCK IN BALANCE SHEET AND ACCOUNT BOOKS.
NOTE: A COMPANY ALSO ACCOUNT BOOK AND AUDITED BY AUDITOR

Rupesh Jain

Rupesh Jain (Expert)
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23 December 2015 you have to file ITR-4 AND TAKE audit report u/s 44AB and then file return online.

Querist : Anonymous

Querist : Anonymous (Querist)

23 December 2015 JAIN SIR,

I HAVE FILE ITR AS YOU ADVICE ME ,
BUT MY QUERY AGAINST MAINTAIN OF ACCOUNT BOOK ,BALANCE SHEET AND P&L AS MENTION MY EARLIER POST
THANKS

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