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Sec 44 ad of it act

This query is : Resolved 
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(Querist)
18 February 2014 Can a petty contractor whose total receipt less than rs.10 lacs , eligible to file ITR 4s as he did not maintained any kind of records except its Ra bills copy and bank account.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
18 February 2014 Since the receipts do NOT exceed Rs. 1 crore, he is an eligible assessee u/s 44AD. Accordingly he can file ITR 4S.
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SUMIT SOMANI

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SUMIT SOMANI (Querist)
18 February 2014 Thanks Siddharth.

in ITR 4S can he claim salary income also and other deduction which is u/s 80C to 80DD?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
19 February 2014 Yes salary income can be shown in ITR 4S. Further deductions under Chapter VIA (80C, 80D, etc) can also be claimed in the return.

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