Which itr applicable 4s or itr 4
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 January 2016
DEAR SIR,
MY CLINT STARTED BUSINESS TAILORING BUSINESS.MY CLINT INCOME SHOWN IN MORE THAN 8% OF BY TAILORING RECEIPTS.I CONFUSED WHICH ITR FILLED INCOME TAX. I HAVE INCOME SHOW IN U/S 44AD ITR 4S. THIS IS PROFESSION BUSINESS ITR 4 IS APPLICABLE OR NOT
MY CLINT STARTED BUSINESS TAILORING BUSINESS.MY CLINT INCOME SHOWN IN MORE THAN 8% OF BY TAILORING RECEIPTS.I CONFUSED WHICH ITR FILLED INCOME TAX. I HAVE INCOME SHOW IN U/S 44AD ITR 4S. THIS IS PROFESSION BUSINESS ITR 4 IS APPLICABLE OR NOT
07 January 2016
Dear
File ITR 4S in this case.
The requirement of the section 44AD is to show atleast 8% as profit of your turnover.
You can show high % as you wish.
File ITR 4S in this case.
The requirement of the section 44AD is to show atleast 8% as profit of your turnover.
You can show high % as you wish.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
08 January 2016
THANK YOU ANKUR SINGHAL SIR
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