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
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Multiple trade mark
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
