Menu
Itr 4s
My friend runs stationary shop and his turnover from this business are Rs 6,50,000. His income is 2,60,000.(40% of gross receipts.) Can he file itr 4s ?
Replies (4)
Yes, the said income can be assessed u/s. 44AD
yes he can file under 44AD. Itr4s from prev year is changed to itr4(Sugam) now
Ya if ur friend can file ITR 4(sugam).
However if he mainatined books of accounts Itr-4 is better option.
However if he mainatined books of accounts Itr-4 is better option.
Recent Threads
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
Related Threads
CAclubindia
