Itr 4

This query is : Resolved 

10 May 2019 in ITR 4 no needs to maintain books of accounts?
we can show min 8% profit (actual expenses is not consider)
Eg i am turnover Rs 50Lakhs so i needs to show profit of 4 lakhs or more (expenses need to verify)

10 May 2019 Yes in ITR 4 no need to maintain books of accounts. You can show min 8% profit (actual expenses is not consider). Yes you have to declare 4,00,001 profit in case of 50 lacs turnover.


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