Income tax

T.T.VIJAYAPRAKASH (properter) (253 Points)

08 January 2020  

SIR

  MR .A. RUN OF TWO TRADE (ONE TRADE NAME IS  XR STEEL AND OTHER TRADER NAME XR STEEL HOUSE) BOTH TOTAL TURNOVER SALES. RS.80.00LAKHS. FOR ASST-YEAR 2019-20  CURRENT ASST-YEAR 2020-21  SALES RS. 120.OO LAKHS

IN THIS SALES  AMOUNT RS.61.00 LAKSH   RECEIVED 6% DIGITALLY 

BAL AMOUNT of CASH  RECEIVED

IF SELECT OF 44AD  TAX AUDIT? OR 4AD PRESUMPTIVE TAX. OR 8.5% DECLARE ON SALES  AMOUNT  RS.80.00.LAKHS

THNAKS