I am contractor and my salary is 13,09,176.I show my income as 654588(50% of my salary).
I am filing ITR4.
I am a contractor and so I am eligible for section 44ADA.
I invested 15000 in section 80C.
I don't produce receipts since as per section 44ADA I show 50% of my income.
When I file ITR do I need to specify any figures in GROSS receipts? How will be the tax calculated for my income slab.
CAclubindia
