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Querist : Anonymous

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Querist : Anonymous (Querist)
08 October 2012 sir
i have two business, 1st one is lic commission amount Rs.43,020 and other one is transportation income total amount of Rs 10,20,150 and i will declared both amount merge and i will declared 8% income u/s 44AD

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08 October 2012 No, you are not eligible for sec 44 AD...Need to declare it separately..

08 October 2012 you can file return in 44AE


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Querist : Anonymous

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08 October 2012 jatin gupta sir what will be do i will not maintained any books for transportation business and also lic commission

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 October 2012 Lokesh sir 44AE is only for vehicles

08 October 2012 no need to maintain books for transportation business but you need to maintain books for lic commission.

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Querist : Anonymous

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10 October 2012 jatin gupta sir but in this case what we do know



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