HELLO FRIENDS, CAN I FILE THE RETURN OF BEAUTY PARLOUR IN ITR-4S.
CAN I SHOW 70% PROFIT INSTAED OF 8%.
PLS. HELP ME.
THANKS.
HELLO FRIENDS, CAN I FILE THE RETURN OF BEAUTY PARLOUR IN ITR-4S.
CAN I SHOW 70% PROFIT INSTAED OF 8%.
PLS. HELP ME.
THANKS.
You can file the ITR 4S declaring higher percentage of profits from business. but according to me income from Beauty parlour will be covered under Professional Income & for this ITR 4S is not valid. It is valid only for Business Income. It will come under ITR 4 only.
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