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Income tax queries

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 May 2010 Respected sir/madam,

In case of presumptive income, is 8% the only rate or is it the minimum rate?

Also, should agriculture income be included in gross total income to be written on acknowledgement?

Thanks
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Querist : Anonymous

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Querist : Anonymous (Querist)
26 May 2010 Is 8% the rate of gross profit or net profit. If net, what expenses can we enter in column 51c of Schedule P&L of ITR 4?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
29 May 2010 8% is the only rate
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