Which itr select for e-filing
This query is : Resolved
08 September 2012
Assesse is Civil contractor and made turnover of Rs.51,00,000/- and also made loss in land Rs.2,40,500/- Short term capital loss. Then the assessee do not want to audit his accounts but filing his return accept 8% profit of turn over. So He file his return ITR - 4 accepting 8% profit.
08 September 2012
Yes, Filing of ITR-4 would be accept.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
09 September 2012
Itr 4 will be suitable
07 October 2021
To avoid tax audit the income from contractor business should be declared under presumptive assessment with minimum 8% as deemed profit. Yes, ITR 4 was required to be filed.
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
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Cloud service
- Credit note Issue reg
- Applicability of RCM on Frieght Inward supplies received from un-registered person
- GST on Fresh Juice Center(Sugarcane)
- GST ON FOREIGN CLIENT
- Can we issue an invoice today
- SALE OF GOODS FROM OTHER STATE
- Running non ac bus under contract with roadways
- Expenses add back in profit
- Forgot to update debit note in gst
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
