my business turnover for AY 2018-19 is Rs. 1.8cr. and my profit is more than 8%. can I file my return in ITR 3 as per P&L and Balance sheet?
or I should file only presumptive income ITR 4?
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presumptive ITR
Replies (9)
What is Your nature of Business...?
As per Your turn over You can file ITR under presumptive taxation scheme...
But,
The scheme based on business nature...
Also You can file ITR 3 with BS and PandL.
As per Your turn over You can file ITR under presumptive taxation scheme...
But,
The scheme based on business nature...
Also You can file ITR 3 with BS and PandL.
You can go for any option (presuming, you fulfill the requirements of section 44AD)
my nature of business is trading of CCTV, gst return filing, it filing profession income I am showing separately in my pandl. for which I am calculating 50% of gross receipts remains in trading I am considering more than 8%. both I have different GST registrations.
under 44ad you can also declare more than 8%
Yes... You can file Your ITR u/s 44ad with 8% or more...
yes you can
thank you very much.
You are most welcome...
you are welcome
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