How file ITR 4 under 44AE .
plz tell me about I don't have any knowledge.
3 Replies
(Guest)
The income calculated under section 44AE is estimated and considered to be the net income of the assessee and no deduction shall be granted. However, where the assessee is a partnership firm, the remuneration or interest paid to partners can be claimed as deduction under section 40(b)
Jayaram
(Senior Finance Officer)
(398 Points)
Replied 31 August 2018
Transporter have 1 vehicle & he wants to show 390,000 profit what i do
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