28 August 2015
Dear Sir, There is Proprietorship business, proprietor gives service. His Income from Service as shown in Trading A/C Rs. 198350/- & Net Profit as shown in Profit & Loss A/C is Rs. 180500/-. During fill up of ITR 4S following amount has been filled up in following column is it wright or wrong?
E1 Gross Turnover or Gross Receipts : 198350/- E2 Total Presumptive Income under 44AD (8% of E1) 180500/- Pl reply