In the AY 2010-11 if my business turnover is 8,00,000 and as per 44AF my deemed profit would be 40,000(5% of 8,00,000), but booked or declared profit is 1,05,300(13.16%). Now please explain me which amount sould be filled in col.A33iii in schedule BP of ITR4.
details : In the AY 2010-11-----In no account case. nature of B/P code 0202 and 0301
Business turnover ----- 800000
Gross profit ------ 135300
Expenses ------ 30000
Net profit ----- 105300
cash in hand ------ 210500
I want to declare my profit u/s 44AF and that is 105300 (13.16% of turnover) , despite of this I
have also earned of 36610 as a commission income from a marketing co, so including this comm. my
income from business/profession will be 141910. Gross total income and Total income is 158500 (including-income from other sources-Interest-16590) Now pl describe how to fill in ITR4 for AY
2010-11.
if any one can send me the filled itr4, i will be very grateful of him. and I think many other assessees may take benifit from such a filled ITR4.
thanking you.
CAclubindia
