Itr 4s

This query is : Resolved

Basha (Querist)
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25 March 2017 when iam going to file civil contractors itr-4s iam showing only grossturnover/ gross receipts

COMPUTATION OF PRESUMPTIVE INCOME UNDER 44AD
E1 :GROSS TURNOVER OR GROSS RECEIPTS ............................................................................. Rs. 2895879
E2 :PRESUMPTIVE INCOME UNDER SECTION 44AD (>= 8% OF E1)............................................ Rs. 231670

after entering the data iam going to generate the file in xml it is not generating and showing the message like this Note : If Income is less than 8% of Gross Receipts , it is mandatory to have a tax audit under 44AB and regular ITR4 form has to be filled and not this form.
please suggest me how can i file the itr 4s form.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 March 2017 Correct the presumptive income as 231671.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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25 March 2017 Agree with sir, moreover basic limit is 2.5 + 2K for you so don't be so exact 8%. 0.32 you have less written so increase as said by ram sir,

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