Internet cafes can be taken under 4s
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
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,
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
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
30 December 2014
ITR-4S is not applicable in this case as you are service provider.
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