15 June 2011
client is a small savings agent with gross commission Rs.130000/- and exp. Rs.30000/- and net inc. Rs.100000/- Will this fall u/s. 44AD and Form 4S be applicable? Or Form 4 (with sec 44AA not applicable case - so that only estimations column is filled) ? If Form 4S is applicable, then income is only Rs.10400/-. But I wish to declare atleast Rs.1 lac income. TIA for ur replies.