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44ad

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(Querist)
30 July 2013 An individual is doing commision business as part time in one company besides with Constuction contractor can he file Return u/s44AD through ITR4S??
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
30 July 2013 yes. he can file ITR-4S and claim sec.44AD

Need to declare 8% of receipts as presumptive income and pay the tax

Incase want to declare income below 8% or loss, books need to audited

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