Income tax forms

This query is : Resolved

SANTHOSHA KM (Querist)
Follow

01 July 2018 Sir,

I have declare in presumptive Basis U/s 44 AD the PGBP Profit Books not Maintained , Which ITR Form Select
1) ITR - 3
2) ITR - 4 (SUGAM)

Please advice me

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

01 July 2018 ITR4.......................................

SANTHOSHA KM

SANTHOSHA KM (Querist)
Follow

01 July 2018 Why Not Considered ITR -3

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

01 July 2018 ITR3 is not for presumptive income.

Message likes : 1 times

SANTHOSHA KM

SANTHOSHA KM (Querist)
Follow

01 July 2018 Sir, I am Accountant in Partnership Firm company, This year account finalization 31st July 2018. But small Doubt, How to Compute Book Profit ? * Annual Sales or Turnover Rs.75,85,200 Total . * Our Profit around Rs.6,80,000/- * Capital Investment Rs.15,00,000 ( 3 Partners each 5L) How to compute Reversal calculation basis my Book Profit? Thanking Santhosh

SANTHOSHA KM

SANTHOSHA KM (Querist)
Follow

01 July 2018 As per Income tax act Remuneration Calculation