Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 May 2015
My father took a contract from a private company. The company credits around 2.5 lakh/month in which 80% will be paid to labours as their charge. In this case how we have to file income tax or returns
16 May 2015
you can prepare return under section 44AD and offer 8% as profit. alternatively, in case net profit is less than 8%, prepare books of accounts and file ITR4.
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