25 March 2017
when iam going to file civil contractors itr-4s iam showing only grossturnover/ gross receipts
COMPUTATION OF PRESUMPTIVE INCOME UNDER 44AD E1 :GROSS TURNOVER OR GROSS RECEIPTS ............................................................................. Rs. 2895879 E2 :PRESUMPTIVE INCOME UNDER SECTION 44AD (>= 8% OF E1)............................................ Rs. 231670
after entering the data iam going to generate the file in xml it is not generating and showing the message like this Note : If Income is less than 8% of Gross Receipts , it is mandatory to have a tax audit under 44AB and regular ITR4 form has to be filled and not this form. please suggest me how can i file the itr 4s form.
25 March 2017
Agree with sir, moreover basic limit is 2.5 + 2K for you so don't be so exact 8%. 0.32 you have less written so increase as said by ram sir,
CAclubindia
