Business Under Expempted Sale ITR-4
This query is : Resolved
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Nisha Kathuria
(Querist)
27 April 2023
Dear Sir,
We are provided Safe and Cleaning Water to Community people monthly Sales Rs.235000/- annually approximately Rs.2600000/- Sales is tolly exempted so during filing ITR-4 we need to show all Sales under business and profession and disclose minimum profit 8% OR Need to show all under exempted income.
Please advise
We are provided Safe and Cleaning Water to Community people monthly Sales Rs.235000/- annually approximately Rs.2600000/- Sales is tolly exempted so during filing ITR-4 we need to show all Sales under business and profession and disclose minimum profit 8% OR Need to show all under exempted income.
Please advise
27 April 2023
The supply may be exempted under GST, but for income tax file ITR 4 with 8% profit margin.
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Nisha Kathuria
(Querist)
27 April 2023
Sir,
so show all sales under business or Profession i am correct
Please advise
so show all sales under business or Profession i am correct
Please advise
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27 April 2023
Yes, under PGBP head.
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Nisha Kathuria
(Querist)
27 April 2023
Thank you Very much Sir,
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27 April 2023
You are welcome.
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