whether, an Individual , doing patent right consultancy and earning in foreign exchange is an eligible assessee to file ITR 4S i.e. presumptive income on which IT @ 8% is applicable.
p k agrawal (FCS ACA) (37 Points)
25 May 2013whether, an Individual , doing patent right consultancy and earning in foreign exchange is an eligible assessee to file ITR 4S i.e. presumptive income on which IT @ 8% is applicable.
Devendra
(Chartered Accountant)
(4775 Points)
Replied 25 May 2013
As per my knowledge, Section 44AD will not apply in your case.
Regards,
Devendra Kulkarni
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