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Itr for contractor having gross total bill valued at 8146754`

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(Querist)
26 March 2022 Sir,

I want to know, what ITR to be filed for a contractor whos total bills for the year is 8146754. His books need to be audited?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 March 2022 No need for audit turnover less than 1 crore.
Declare 8% profit ( cash receipt) and 6% profit (bank receipt) opt for 44AD and file ITR 4.

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