Itr 4s
This query is : Resolved
14 April 2014
a person file itr 4s. his gross receipt for a month was 4 lac tds deducted on it under labour contract.now the deemed income is 4lac*8 /100. now how whole years income shown. add to gross receipt or other sources.
Rupesh Jain
(Expert)
14 April 2014
RS. 4 LACS X 12 MONMTH = 48 LACS
8% OF RS. 48 LACS = 3.84 LCAS IS YOUR INCOME U/S 44D
8% OF RS. 48 LACS = 3.84 LCAS IS YOUR INCOME U/S 44D
17 April 2014
but 4 lacs rec. for 2 months labour. how to adjust 10 month income
Rupesh Jain
(Expert)
14 May 2014
if Rs. 4 lacs is two month then
4lcas x 6 month = 24 lacs X 8%= 1.92 lacs
4lcas x 6 month = 24 lacs X 8%= 1.92 lacs
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