Is it a 44ab case?

Dinakar C Korishettar (Querist) 23 July 2013 This query is : Resolved
Is it a 44AB case?

Please guide me,

1) Whether a Tax Consultant can file ITR4 for this A.Y 2013-14, if…
Assessee is an individual or HUF, having…
a) Total business turnover less than 1 Crore,
b) Maintains his books of accounts regularly.
c) Profits & gains from the business are not more than 8% of his total turnover.
d) Net profit from the business is bellow basic maximum income tax exemption limit, i.e., Rs 2 Lakh and
e) Agricultural Income is more than Rs 5 lakhs.

2) Whether an assessee or a Tax Consultant can file ITR5 for this A.Y 2013-14, if…
Assessee is a partnership firm, having…
a) Total business turnover less than 1 Crore,
b) Maintains his books of accounts regularly.
c) Profits & gains from the business are not more than 8% of his total turnover.
d) Net profit from the business is bellow basic maximum income tax exemption limit, i.e., Rs 0 and
e) Agricultural Income is more than Rs 5 lakhs.

Thanks with regards,
Dinakar C Korishettar.

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