About no case account

201 views 2 replies

Rishi

Others

365 Points Joined September 2015

Sir, Can I show Net Profit Rs. 1.60 thousand in No Case Account for 31-03-2015 ?, where i would like to file return with 1.60 thousand net profit with 96000 salary in itr-4 ? please ans, thanks

Replies (2)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

210695 Points Joined July 2016

Section 44AD is applicable over turnover of any Eligible Business, not over SALARY INCOME!!!

Dinesh Mertiya

PROFESSIONAL

761 Points Joined December 2009

I agree with dhirajlalji

if you opt option " no case accounts" during the filing of return then
besides net profit, you are required to fill gross receipts, gross profit and expense
Salary income should be shown separately under the head of salary