Refurbished mobile sale turnover in ITR
This query is : Resolved
25 July 2023
Dear Sir,
A person sale old mobile of Rs. 2200000 with no profit no loss.
My query is
Can this sale be treated in itr-4 presumptive taxation under profit 6%??
A person sale old mobile of Rs. 2200000 with no profit no loss.
My query is
Can this sale be treated in itr-4 presumptive taxation under profit 6%??
25 July 2023
Yes, if all the sell receipts are through digital/banking mode.
Otherwise consider 8% if sell receipts are in cash mode.
Otherwise consider 8% if sell receipts are in cash mode.
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25 July 2023
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