Easy Office
LCI Learning

ITR 4S (Presumptive income) Tax Return

This query is : Resolved 

01 June 2011 Hi sir/mam,

I have found that in ITR 4S (Sugam Form), raw E2 shows 8% of E1.
My question is
whether we have to show exactly 8% or we can show higher percentage also ??? I know the provision that AO can assess higher than 8% but my concern is "whether exact 8% at the time of filling return... "

Thanks for the reply in adv.
Ashish Joshi

01 June 2011 You can show the income at higher level i.e. upto 100%.

01 June 2011 You can show the income at higher level i.e. upto 100%.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query