ITR 4 query........

Dear colleagues
good mrng,

Sir if I fill ITR 4 and declare profit 8/6%and i am showing the main actual profit in the Book Profit column, (which is below 8/6%) which I am showing in my Tally accounting, so what consequences are there in the future??

Regards,
Replies (3)
Quick Summary
This discussion addresses a query regarding the ITR 4 form. The user is asking about the implications of declaring a lower 'book profit' in the relevant column, even though the presumptive profit rate (8% or 6%) is higher. The response suggests there are no immediate consequences, as the actual declared data can differ from the presumptive assessment figures.

No consequence.

Actual data may differ then what has been declared under presumptive assessment.

Thank you so much dheerajlalji sir
thanks alot 🙏

You are welcome.              

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