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Labour contractor -194c

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can we show labor contract income under ITR-4S with profit -12.5% of total amount received?
Replies (12)

go with itr 4

itr4s has become itr4 now. in presumptive income i.e. 44AD, you can show more than 8%
however whether u can use it or not will depend on whether it turnover is less than 2Cr .
If presumptive income is less than 8% or loss then tax audit is compulsory

If turnover is less than Rs. 2 crores and income is less than 8% than tax audit is not complusory. So, we can go for ITR 4S.

If any of the above conditions is not satisfied than fo for ITR 4.

if total turnover less rs.2 CR and the total income less than 8% ,then tax audit compulsory ,
turnover above 2 crores 44 AD noption not available. so question o

turn over is about to 10 lacs and its simple that he works as labour contratctor ....approximatly he will get 12 to 13% margin on contract....so can we show that 13% profit or turn over in ITR-4S???

turn over is about to 10 lacs and its simple that he works as labour contratctor ....approximatly he will get 12 to 13% margin on contract....so can we show that 13% profit or turn over in ITR-4S???

turn over is about to 10 lacs and its simple that he works as labour contratctor ....approximatly he will get 12 to 13% margin on contract....so can we show that 13% profit or turn over in ITR-4S???

turn over is about to 10 lacs and its simple that he works as labour contratctor ....approximatly he will get 12 to 13% margin on contract....so can we show that 13% profit or turn over in ITR-4S???

turn over is about to 10 lacs and its simple that he works as labour contratctor ....approximatly he will get 12 to 13% margin on contract....so can we show that 13% profit or turn over in ITR-4S???


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