30 December 2014
sir, I am running internet centres as well as I will book train, bus tickets & apply for jobs, here I am having 20,00,000 turnover in my bank but actually I am having profit only 2,00,000 so that can I use 4s or itr 4 and under what code it be shown thanking you,
30 December 2014
ITR 4s is applicable only for trading concerns. You are running a service centre for which ITR 4s cannot apply for filings income tax returns. You need to file your returns through ITR 4 and please put other services while filling the ITR. Thanks CA Sreenivasa Rao Munaga Chartered Accountant Ravi & Sreenivasa Chartered Accountants Hyderabad
CAclubindia
