while filling itr2 for AY 21/22...I have selected NO for foreign income schedule but in preview schedule it is showing YES how to remove this bug?
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Quick Summary
This discussion addresses a bug in ITR 2 for AY 21/22 where the foreign income schedule incorrectly shows 'Yes' despite being selected as 'No'. It also clarifies that the ITR 3 utility for FY 2020-21 was not available until August. Furthermore, it guides users on filing ITR 4 for business income under presumptive taxation (Section 44AD) with turnovers up to Rs. 1.5 crore, explaining tax implications and the need for specific details even without full books of accounts. The discussion also covers tax audit applicability based on turnover and cash/cheque payment ratios.
If payment of sale received in cash than 8%, if in cheque than 6% as the case may be. this is a minimum profit u have to show, you can show higher if u want