Regarding income tax file for a.y 2018-19

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This query is : Resolved

Dipankar Chakraborty (Querist)

13 June 2018 Dear Sir/Madam,

There is a requirement for making a IT file for me by showing Rs. 4,00,000 /- as taxable income. I have no IT file till now. For loan purpose this return is needed. I have a small stationery shop. No books of accounts I have maintained. I have p.tax enrollment, Trade Licence only. My query is -

a). Which ITR I will file for a.y 2018-19.

RAJA P M

RAJA P M (Expert)

13 June 2018 File ITR 4 (Presumptive Taxation)

Dipankar Chakraborty

Dipankar Chakraborty (Querist)

13 June 2018 Raja Ji , if I will file ITR 4(presumptive) for showing Rs. 4,00,000 /- then turnover will be more than Rs. 20,00,000 /- which cause GST liability.

RAJA P M

RAJA P M (Expert)

13 June 2018 First of Your query (1st) not cleared...
Nothing to worry. I got your exact query...

You can show the Turn Over value less than 20lakhs and Show the Profit value above 8percentage...

Dipankar Chakraborty

Dipankar Chakraborty (Querist)

14 June 2018 Thank You for your reply. I will do according to this way

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