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Section 44 ad

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(Querist)
29 July 2013 Dear Sir,

I have One Doubt regarding Section 44 AD.


Income as per P & L A/c - 213000

Taxable Income as per Business & Profession Schedule - 188000

8 % of Gross Receipt - 190000

Weather we have to opt 8% Income or we can go by normal ITR -4 ?


Thanking You in advance.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
29 July 2013 choice is yours u can opt sec44ad or file itr-4 with slab rates.

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