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Querist : Anonymous

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Querist : Anonymous (Querist)
24 July 2014 an individual running hostel want to pay tax 4000 for loan purpose,but not as income from hostel as there is no licence for that .in which way it is better to pay tax and what return he should file itr4 or itr4s!
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 July 2014 you can file itr4s only if you are offering income at more than 8% of the turnover. else file itr4
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
29 July 2014 wondering how u not ans the tax planning part which the querist is asking regarding to paying tax.
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