A trader who has opted for 44AD . .his major transaction is through banking channel except some minor transactions done in cash. . So is bifurcation allowed while filing income tax return? Like Tax to be paid on all transactions done through banking mode @ 6% and for cash @ 8% or he needs to pay tax at the rate 8% on all transactions done.
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Availment of 6% mode u/s 44ad
Replies (3)
yes it is allowed in ITR
ITR 4
yes, it is there in ITR 4.
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