Labour contractor -194c
NITINBHAI PATEL (B.Com) (192 Points)
01 May 2017
can we show labor contract income under ITR-4S
with profit -12.5% of total amount received?
12 Replies
neeraj gupta
(1138 Points)
Replied 01 May 2017
itr4s has become itr4 now. in presumptive income i.e. 44AD, you can show more than 8%
neeraj gupta
(1138 Points)
Replied 01 May 2017
however whether u can use it or not will depend on whether it turnover is less than 2Cr .
Anil Talukder
(86 Points)
Replied 01 May 2017
If presumptive income is less than 8% or loss then tax audit is compulsory
Prity Agarwal
(CHARTERED ACCOUNTANT)
(363 Points)
Replied 02 May 2017
If turnover is less than Rs. 2 crores and income is less than 8% than tax audit is not complusory. So, we can go for ITR 4S.
If any of the above conditions is not satisfied than fo for ITR 4.
RAMESHKUMAR
(Student)
(121 Points)
Replied 02 May 2017
if total turnover less rs.2 CR and the total income less than 8% ,then tax audit compulsory ,
Vipul Patil
(Student CA Final )
(31 Points)
Replied 03 May 2017
turnover above 2 crores 44 AD noption not available. so question o
NITINBHAI PATEL
(B.Com)
(192 Points)
Replied 03 May 2017
turn over is about to 10 lacs and its simple that he works as labour contratctor ....approximatly he will get 12 to 13% margin on contract....so can we show that 13% profit or turn over in ITR-4S???
NITINBHAI PATEL
(B.Com)
(192 Points)
Replied 03 May 2017
turn over is about to 10 lacs and its simple that he works as labour contratctor ....approximatly he will get 12 to 13% margin on contract....so can we show that 13% profit or turn over in ITR-4S???
NITINBHAI PATEL
(B.Com)
(192 Points)
Replied 03 May 2017
turn over is about to 10 lacs and its simple that he works as labour contratctor ....approximatly he will get 12 to 13% margin on contract....so can we show that 13% profit or turn over in ITR-4S???
NITINBHAI PATEL
(B.Com)
(192 Points)
Replied 03 May 2017
turn over is about to 10 lacs and its simple that he works as labour contratctor ....approximatly he will get 12 to 13% margin on contract....so can we show that 13% profit or turn over in ITR-4S???
NITINBHAI PATEL
(B.Com)
(192 Points)
Replied 03 May 2017
turn over is about to 10 lacs and its simple that he works as labour contratctor ....approximatly he will get 12 to 13% margin on contract....so can we show that 13% profit or turn over in ITR-4S???
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