Business Under Expempted Sale ITR-4
This query is : Resolved
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.
Message likes :
2 times
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
Message likes :
2 times
27 April 2023
Yes, under PGBP head.
Message likes :
2 times
27 April 2023
Thank you Very much Sir,
Message likes :
2 times
27 April 2023
You are welcome.
Message likes :
2 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- GST ISD Query on various AMCs
- Query regarding reporting of exempt foreign remuneration in ITR
- DUE DATE FOR ITR FILING
- Rent claimed on building given on permissive possession basis
- Error in uploading Form 10BD
- F&O reporting in ITR
- Short Term Gain Reporting ITR
- 44AD, 44ADA business details
- Gst reverse charge mechanism to be claimed in the month of payment
- Itr processing refund
- U/S 194 T
- TDS refund Indemnity Bond
- ITC BENEFIT ON BROKRAGE PAID
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
