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
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- GST Rate for Catering Services
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- 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
