Internet cafes can be taken under 4s
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 December 2014
sir,
I am running internet centres as well as I will book train, bus tickets & apply for jobs,
here I am having 20,00,000 turnover in my bank but actually I am having profit only 2,00,000 so that can I use 4s or itr 4 and under what code it be shown
thanking you,
I am running internet centres as well as I will book train, bus tickets & apply for jobs,
here I am having 20,00,000 turnover in my bank but actually I am having profit only 2,00,000 so that can I use 4s or itr 4 and under what code it be shown
thanking you,
30 December 2014
ITR 4s is applicable only for trading concerns. You are running a service centre for which ITR 4s cannot apply for filings income tax returns.
You need to file your returns through ITR 4 and please put other services while filling the ITR.
Thanks
CA Sreenivasa Rao Munaga
Chartered Accountant
Ravi & Sreenivasa Chartered Accountants
Hyderabad
You need to file your returns through ITR 4 and please put other services while filling the ITR.
Thanks
CA Sreenivasa Rao Munaga
Chartered Accountant
Ravi & Sreenivasa Chartered Accountants
Hyderabad
30 December 2014
ITR-4S is not applicable in this case as you are service provider.
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
