Income tax
This query is : Resolved
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
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
28 August 2015
That is ok so far as filling the columns are concerned.
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
- Income tax return change regime form necessary or not?
- Tax Audit Mandatory or Optional
- Machinery taking back from repair work shop
- Resignation of auditor and appointment and cfss
- EXEMPTION OF LONG TERM GAIN UNDER SECTION 54F
- Refund of Rs.4,00,000/- pursuant to Appeal Order – Deceased Proprietor & Closed Bank Account
- Medical facility
- Maintenance of asset register
- GST Registration DELHI MUMBAI
- Refund credit after 143 (1) intimation
- Format of Physical Letters submitted at ASK ( Aayakar Sampark Kendra)
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
