Income

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amarender (Querist)
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16 June 2017 i received income from contractee as contract basis that amount is 847522 in F.Y 2016-17. they are directly transfer to my bank account in every month..so i want file ITR-4, where shouid i show my income in the ITR-4 ??

Either
1).Through a/c payee cheque or a/c payee bank draft or bank electronic clearing system received before specified date
or
2). Any other mode

which option is better to show my income in ITR Return-4 ??

Amol S Joglekar

Amol S Joglekar (Expert)
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16 June 2017 it is bank electronic clearing system

amarender

amarender (Querist)
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16 June 2017 may i show in option on ITR-4, Is it ok ??

amarender

amarender (Querist)
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16 June 2017 may i show in option1 on ITR-4, Is it ok ??

Amol S Joglekar

Amol S Joglekar (Expert)
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16 June 2017 yes, it is ok, no problem

amarender

amarender (Querist)
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16 June 2017 is it 6% of imcome is k showing in It return as per presumptive basis?

amarender

amarender (Querist)
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16 June 2017 if i show in any other mode in ITR-4, what is the problem arising?

Amol S Joglekar

Amol S Joglekar (Expert)
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16 June 2017 in either case, it is 8 %. ......... 6%is for bothsided e transaction digital one......

amarender

amarender (Querist)
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16 June 2017 in option 1: Through a/c payee cheque or a/c payee bank draft or bank electronic clearing system received before specified date--- in this specified date means its demonitisation period or other ?

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