Filling of return 4s
This query is : Resolved
10 January 2015
I(Proprietor) maintain books of account.
Turnover: 10,00,000/-
Actual Profit: 4,00,000/-
I have filled ITR 4S u/s 44AD showing 8% profit on turnover i.e. Rs. 80,000/-
now, i want to bank borrowing which income is to be consider as net income of the year.
Turnover: 10,00,000/-
Actual Profit: 4,00,000/-
I have filled ITR 4S u/s 44AD showing 8% profit on turnover i.e. Rs. 80,000/-
now, i want to bank borrowing which income is to be consider as net income of the year.
11 January 2015
Virtually you can't go beyond Rs.80,000/- because bank officials may ask copy of IT return acknowledgement.
Message likes :
1 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
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
