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Real estate business - presumptive

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(Querist)
12 March 2018 Dear Sir,

Can we file returns under presumptive income (ITR-4S/ 4) for Real Estate Business by showing income @ 8% on total receipts.

Thanks in advance sir
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Nikhil Kaushik online

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Nikhil Kaushik online (Expert)
12 March 2018 for construction business, you can. In case you are a real estate broker, then you cannot

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