not necessarily book profit show exact 50% profit as shown in itr 4

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can anyone please tell me if someone files return as per itr4 claiming 50% profit.... but it is not necessary that even the books show the exact 50 % profit, then how to prepare books of a/cs ??? and at least how much profit should be there in books???
Replies (7)
But,
The ITR 4 is without books of Accounts case. So, Where to required books of accounts based on ITR 4...

yes , it is not mandatory to keep books of a/c.to fill itr 4.. but is it so that nothing require?? even some basic a/cs ?..? coz even the itr 4 requires b.s detail..though everyone say it is not mandatory to show except cash, debtor, creditor,and stock...

Yes... Even if it's 0.

As per ITR 4 the said 4 columns is mandatory...





Out of the said details or Out of query...


Logically we have balances in above said details...

yes sir... but tell me one thing if one doctor works as lecturer ..then here the salary recvd will be shown in salary head and not in pgbp head?

Well...


As per my view / understanding...

Based on the Income it's purely Professional Income as per Assessee's qualification. So, He can declare u/s 44ada...


*** In case TDS deducted under employment u/s 192 then he can file as Salary Income. Otherwise declare under PGBP.

and what if tds is deducted u/s 194j, then it will come in pgbp??

Yes... If TDS deducted u/s 194J then the income treated under PGBP...


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