Presumptive Basis Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2011
Section 44AD allows profits to be computed on the basis of 8% of Turnover subject to certain conditions. However Form Sugam (ITR 4 -S) which is to be used for reporting such cases does not have any provision for including any capital gains transactions in the case of such assessees.
How does one overcome this problem - as an assessee who is eligible to apply an 8% rate also has capital gains transactions is unable to file his ITR
How does one overcome this problem - as an assessee who is eligible to apply an 8% rate also has capital gains transactions is unable to file his ITR
20 June 2011
PL USE ITR-4 IN THIS CASE
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