clarification required

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24 Points Joined November 2017
I have business income (wherein the income from business doesn't exceed 6L)and bank interest.... should I file return under presumptive basis or normal basis
And also suggest me in which ITR form should I file my return for the assessment year 2017-18.
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On 13 November 2017 at 01:15 Report
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Student
4042 Points Joined May 2017
It depends on your turnover..,
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On 13 November 2017 at 08:03
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Student
4042 Points Joined May 2017
If your profit is more than 8% of your turnover then you can opt presumptive tax u/s 44AD.

You have to file ITR-4 for this.
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On 13 November 2017 at 08:05
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24 Points Joined November 2017
thank you sir......
but if I opt for presumptive basis, should I also consider the percentage as 8 or more
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On 14 November 2017 at 00:07
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Student
4042 Points Joined May 2017
Yes you can.
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On 14 November 2017 at 07:20
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24 Points Joined November 2017
thank you Sir
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On 14 November 2017 at 13:55
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Student
4042 Points Joined May 2017
Welcome......
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On 15 November 2017 at 00:06


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