Income tax
Anu Verma (Sr.Consultant) (87 Points)
27 June 2017Anu Verma (Sr.Consultant) (87 Points)
27 June 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160337 Points)
Replied 27 June 2017
1. ITR 4 or ITR 3
2. Business income can be asessed u/s. 44AD
3. Not necessary in ITR4, but some final figures.....
Anu Verma
(Sr.Consultant)
(87 Points)
Replied 27 June 2017
Hi Dhiraj Lal Ji,
I am filling the ITR 4 on gross receipts bassis let suppose total receipts is 25 lakh and taxable income will be 2 lakh.
and also total CTC is 6 lakh . can I deduct HRA, Conye allowane , Medical, etc allownace. If yes than taxable income would be show in what category( income form other sources, ) or would be merge under sec 44ad.
Thanks in advance.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160337 Points)
Replied 27 June 2017
Both the incomes are assessed under different heads........
First one under PGBP........... while second one under Salary
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