Can itr '4s' be filed with different percentages?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 July 2015 Dear all,

can itr '4S' be filed with different percentages?

Ex:
A.Y 12-13 12% on Gross Receipts
A.Y 13-14 15% on Gross Receipts
A.Y 14-15 8% on Gross Receipts
A.Y 15-16 11% on Gross Receipts

somebody told me that if itr 4S filed with different percentages it will be selected to scrutiny or call for books of accounts by local ITO

please clarify

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 July 2015 as long as it is above 8%, no problem at all...

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 July 2015 You are at liberty to declare any profit above 8%. Higher declaration of profit is higher tax compliance which will be encouraged by the Dept.Some body has misguided you. If your turnover is less than 1 crore and declared correct turnover, you will not face any problem from IT Dept.

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