Can file 44ad as 4s return for above?
Can we show pur/sales/stock in PL ? Or
Purchase of cosmetics must be as expenses ?
When you file ITR4 under presumptive scheme ....... no need to provide all such details.......
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167162 Points)
Replied 10 July 2018
When you file ITR4 under presumptive scheme ....... no need to provide all such details.......
Atul Shah
(148 Points)
Replied 10 July 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167162 Points)
Replied 10 July 2018
In ITR 4 no such details are require...
| DETAILS OF INCOME FROM BUSINESS OR PROFESSION | ||||
| COMPUTATION OF PRESUMPTIVE INCOME UNDER 44AD | ||||
| E1 | Gross Turnover or Gross Receipts | |||
| (a) | Through a/c payee cheque or a/c payee bank draft or bank electronic clearing system received before specified date | |||
| (b) | Any other mode | 520230 | ||
| E2 | Presumptive Income under section 44AD | |||
| (a) | 6% of E1(a) | |||
| (b) | 8% of E1(b) | 288910 | ||
| (c) | Total (a + b) | 288910 | ||
| Note : If Income is less than the above percentage | ||||
| COMPUTATION OF PRESUMPTIVE INCOME UNDER 44ADA (PROFESSION) | ||||
| E3 | Gross Receipts | |||
| E4 | Presumptive Income under section 44ADA (>=50% of E3) | |||
| NOTE—If Income is less than 50% of Gross Receipts, | ||||
| COMPUTATION OF PRESUMPTIVE INCOME UNDER 44AE | ||||
| E5 | PRESUMPTIVE INCOME FROM GOODS CARRIAGE UNDER SECTION 44AE | 0 | ||
| Note : If the profits are lower than prescribed under S.44AE | ||||
| E6 | Salary and interest paid to the partners | |||
| Note– This is to be filled up only by firms | ||||
| E7 | Presumptive Income u/s 44AE (E5-E6) | 0 | ||
| E8 | Income chargeable under Business & Profession (under section 44AD, 44ADA and 44AE)(E2c+E4+E7) | 288910 | ||
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167162 Points)
Replied 10 July 2018
Why you want to file ITR 3?
Atul Shah
(148 Points)
Replied 10 July 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167162 Points)
Replied 10 July 2018
No need to file ITR3 for that, unless demanded by banker. You can submit financial statements separately.
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