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ITR 4 query........

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saurabh sawlani

Self employed

2193 Points Posted on 22 September 2024

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.