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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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CA. Jatin Gupta

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CA. Jatin Gupta (Expert)
08 October 2012 No, you are not eligible for sec 44 AD...Need to declare it separately..
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
08 October 2012 you can file return in 44AE
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Querist : Anonymous

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Querist : Anonymous (Querist)
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
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CA. Jatin Gupta

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CA. Jatin Gupta (Expert)
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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Querist : Anonymous (Querist)
10 October 2012 jatin gupta sir but in this case what we do know

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