Regarding income tax file for a.y 2018-19

This query is : Resolved

Dipankar Chakraborty (Querist)
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13 June 2018 Dear Sir/Madam,

There is a requirement for making a IT file for me by showing Rs. 4,00,000 /- as taxable income. I have no IT file till now. For loan purpose this return is needed. I have a small stationery shop. No books of accounts I have maintained. I have p.tax enrollment, Trade Licence only. My query is -

a). Which ITR I will file for a.y 2018-19.

RAJA P M

RAJA P M (Expert)
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13 June 2018 File ITR 4 (Presumptive Taxation)

Dipankar Chakraborty

Dipankar Chakraborty (Querist)
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13 June 2018 Raja Ji , if I will file ITR 4(presumptive) for showing Rs. 4,00,000 /- then turnover will be more than Rs. 20,00,000 /- which cause GST liability.

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RAJA P M

RAJA P M (Expert)
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13 June 2018 First of Your query (1st) not cleared...
Nothing to worry. I got your exact query...

You can show the Turn Over value less than 20lakhs and Show the Profit value above 8percentage...

Dipankar Chakraborty

Dipankar Chakraborty (Querist)
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14 June 2018 Thank You for your reply. I will do according to this way