hello,
i want to file return for a truck transporter, with annual receipt for Rs. 900000/- and 118000 Net Profit, which return should i select? can i file it u/s 44ad Or ITR IV? Please guide me..
Khuzema (Accountant) (49 Points)
20 October 2011
hello,
i want to file return for a truck transporter, with annual receipt for Rs. 900000/- and 118000 Net Profit, which return should i select? can i file it u/s 44ad Or ITR IV? Please guide me..
Rahul Gupta
(Chartered Accountant)
(644 Points)
Replied 20 October 2011
As you are declaring a income of 13.11% which is above 8% minimum required so its better to file u/s 44AD and submit ITR-4S