U/s 44ad
This query is : Resolved
26 July 2011
all business other than professional whose turnover below rs. 60 lac. covered under section 44AD.
then is it MANDATORY to file return of income u/s 44 AD?
then is it MANDATORY to file return of income u/s 44 AD?
26 July 2011
Yes without filing your return how the same is treated as income is as per 44AD. Kindly note that the turnover should not exceed 60 L and profit should not be less than 8%
27 July 2011
Yes, you have to file ITR4S for financial year 2010-11.
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