Presumptive - (service business plus other business) gross ?
This query is : Resolved
Aditya Parakh
(Querist)
15 June 2017
Gross Receipt How much. For Service + Other Business
FY2016-17 AY2017-18 ITR-4-SUGAM
Primary Business : Service Data Analytics - IT
Total Gross Service Sales : 12 Lacs
Matches with Service Tax returns - ST-3.
Side Income : Operated an Uber Cab with hired driver.
Gross Receipt ( 1 Lac NEFT plus 1 lac cash ).
This is receipt. Not profit.
Not reflected anywhere in ST-3.
Previous three years Gross Receipt matches perfectly with ST-3
Am certain that IncomeTax cross check this value with ServiceTax dept.
Have had communication from IT before , in case of mismatch.
What should Gross Receipt be ?
12 Lacs or 14 Lacs ?
FY2016-17 AY2017-18 ITR-4-SUGAM
Primary Business : Service Data Analytics - IT
Total Gross Service Sales : 12 Lacs
Matches with Service Tax returns - ST-3.
Side Income : Operated an Uber Cab with hired driver.
Gross Receipt ( 1 Lac NEFT plus 1 lac cash ).
This is receipt. Not profit.
Not reflected anywhere in ST-3.
Previous three years Gross Receipt matches perfectly with ST-3
Am certain that IncomeTax cross check this value with ServiceTax dept.
Have had communication from IT before , in case of mismatch.
What should Gross Receipt be ?
12 Lacs or 14 Lacs ?
CA Rashmi Gandhi
(Expert)
15 June 2017
Gross Rrceipts will be 14 Lacs.
Message likes :
1 times
Aditya Parakh
(Querist)
15 June 2017
Thanks for the reply. Am confirming this ? Considering the mismatch with ST-3.
Wouldnt ServiceTax dept raise an eyebrow on the extra 2 lacs ?
Wouldnt ServiceTax dept raise an eyebrow on the extra 2 lacs ?
Message likes :
1 times
CA Rashmi Gandhi
(Expert)
16 June 2017
Generally not questioned. But even if questioned you have to prepare with clarification in this respect.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Query on effect of registration of property
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
