ITR 4S (Presumptive income) Tax Return

CA Ashish Joshi (CA) (265 Points)

01 June 2011  

Hi all,

I have found that in ITR 4S (Sugam Form), raw E2 shows 8% of E1.

My question is

whether we have to show exactly 8% or we can show higher percentage also ??? I know the provision that AO can assess higher than 8% but my concern is "whether exact 8% at the time of filling return... "


Thanks for the reply in adv.

Ashish Joshi ;)