Hello Sir/Madam & friends..
Whether the income of an assessee a wholesale dealer in fruit business is liable to tax if his income exceeds basic exemption limit?
Yes, under head PGBP
5 Replies
CA Vipul
(Senior Auditor)
(94 Points)
Replied 04 April 2017
yes, he has to pay tax.
option of section 44ad is also available.
option of section 44ad is also available.
abhinav nigam
(student)
(2 Points)
Replied 05 April 2017
yes if he has liabile under pgbp thought ITR-4 AND if he choose 44AD (8%of GR) ITR4S . IN 44AD NEW rules are applicable in ay 17-18
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