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Income tax-4

Others 220 views 4 replies
My income is 250000 from boutique F.y.2020-21
and i don't know which amount to be shown in itr 4 gross turnover or in margin column 6% or 8%
i do my work on cash receipts
and all 250000 is my profit except 10000 for my product expense
and is boutique comes under business or profession??
please help
Thanks in advance
Replies (4)

Turnover is 2.50L

Boutique comes under business. Sec. 44AD can be opted.

And what i should fill in margin sir

Go for 95%....                         

Ok sir thankyou very much


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