Income in u/s 44ae and also bus income
Querist : Anonymous
ONE OF MY CLIENT REGULARLY FILLING THEIR RETURN IN ITR 4S(SECTION 44AE). BUT IN JULY 2014 HE PURCHASE A BUS . HIS BUS HIRED BY A COMPANY FOR CERRY THEIR EMPLOYEE.. SIR MY QUERY IS THAT CAN HE FILL THEIR RETURN IN ITR 4S BY SHOWING THEIR RETURN FROM BUS IN INCOME FROM OTHER SOURCES.IS IT CAN BE POSSIBLE PLEASE ADVICE
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Querist : Anonymous
Querist : Anonymous
45000*5=225000
1-225000*8/100=18000
2-will i accept. 225000 8 % income.
which one is right
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