Itr 4 presumptive income ay 17-18

Tax (Student) (165 Points)

27 August 2017  

 

The following column is there in Schedule BP of ITR 4 (Sugam) for AY 17-18

(a) Through a/c payee cheque or a/c payee bank draft or bank electronic clearing system received before specified date - 6 %

An assessee receives most of his sales receipts in CASH and he deposits in the bank.

Will this come under 6% category as mentioned above? 

Going logically by the wording of the clause, I think it will not.

Just need to confirm.