NEW ITR-4S

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 July 2011 is it true that the asseessee have retail/ wholesale business with more than 8% net profit, turnover below 60 lacs have to file 4- sugam??

thanks.

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 July 2011 is it true that the asseessee have retail/ wholesale business ( cloth, general kirana ) with more than 8% net profit, turnover below 60 lacs, accounts maintained, have to file 4- sugam??

04 July 2011 Yes. ITR4S should be used.

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 July 2011 thanks sir, but if one declaring actual profit by maintaing accounts then why should he assume 8%?


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