Presumptive - (service business plus other business) gross ?
This query is : Resolved
15 June 2017
Gross Receipt How much. For Service + Other Business
FY2016-17 AY2017-18 ITR-4-SUGAM
Primary Business : Service Data Analytics - IT
Total Gross Service Sales : 12 Lacs
Matches with Service Tax returns - ST-3.
Side Income : Operated an Uber Cab with hired driver.
Gross Receipt ( 1 Lac NEFT plus 1 lac cash ).
This is receipt. Not profit.
Not reflected anywhere in ST-3.
Previous three years Gross Receipt matches perfectly with ST-3
Am certain that IncomeTax cross check this value with ServiceTax dept.
Have had communication from IT before , in case of mismatch.
What should Gross Receipt be ?
12 Lacs or 14 Lacs ?
FY2016-17 AY2017-18 ITR-4-SUGAM
Primary Business : Service Data Analytics - IT
Total Gross Service Sales : 12 Lacs
Matches with Service Tax returns - ST-3.
Side Income : Operated an Uber Cab with hired driver.
Gross Receipt ( 1 Lac NEFT plus 1 lac cash ).
This is receipt. Not profit.
Not reflected anywhere in ST-3.
Previous three years Gross Receipt matches perfectly with ST-3
Am certain that IncomeTax cross check this value with ServiceTax dept.
Have had communication from IT before , in case of mismatch.
What should Gross Receipt be ?
12 Lacs or 14 Lacs ?
15 June 2017
Gross Rrceipts will be 14 Lacs.
Message likes :
1 times
15 June 2017
Thanks for the reply. Am confirming this ? Considering the mismatch with ST-3.
Wouldnt ServiceTax dept raise an eyebrow on the extra 2 lacs ?
Wouldnt ServiceTax dept raise an eyebrow on the extra 2 lacs ?
Message likes :
1 times
16 June 2017
Generally not questioned. But even if questioned you have to prepare with clarification in this respect.
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