24 July 2019
Dear sir/madam i am in teaching profession. i am receiving contract base salary 20000 per month and tds is deducted under secion 194j. i would like show my entire gross receipts (240000) as Profit under section 44AD can i show income like this in ITR 4 since i am not exceeding basic exemption limit. please help me sir thanking you
26 July 2019
THANK YOU SIR @CMA ALKESH PATEL But my doubt is gross receipts 240000 instead of 8% of profits , can i show 100% of my receipts as profit in ITR 4 if i declare profit @ 8% my income is only 19200. If i show my entire gross receipts as income i can show my gross total income as 240000. can declare income @100% profits. please help me in this regard sir. thanking you
CAclubindia
