Cash receipt and itr form
This query is : Resolved
17 April 2017
Sir,
I have reecived cash Rs. 3,00,000.00 (Three Lakh) from 20 students as tuition fees in F.Y. 2016-17 and bank interest income 80,000.00
Can I receive cash fees, and can I fill ITR- 4 FOR PRESUMPTIVE INCOME
ITR-4 INDIAN INCOME TAX RETURN Assessment
Year
2 0 1 7 - 1 8
SUGAM [FOR PRESUMPTIVE INCOME FROM BUSINESS & PROFESSION]
Thanks
I have reecived cash Rs. 3,00,000.00 (Three Lakh) from 20 students as tuition fees in F.Y. 2016-17 and bank interest income 80,000.00
Can I receive cash fees, and can I fill ITR- 4 FOR PRESUMPTIVE INCOME
ITR-4 INDIAN INCOME TAX RETURN Assessment
Year
2 0 1 7 - 1 8
SUGAM [FOR PRESUMPTIVE INCOME FROM BUSINESS & PROFESSION]
Thanks
17 April 2017
You can receive such Cash receipt. You can't file ITR 4 under presumptive income as your receipt is not a business income.
17 April 2017
File ITR 3..................
17 April 2017
Sir,
I use ITR-4 eallier in F.Y. 2015-16, can I use ITR- 4 for F.Y. 2016-17
Thanks
I use ITR-4 eallier in F.Y. 2015-16, can I use ITR- 4 for F.Y. 2016-17
Thanks
17 April 2017
ITR 3 is old ITR 4 form hence now you can use only ITR 3.
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