Receiving payment in bank but showed in other mode.

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Tax Advocate
137 Points Posted on 12 July 2020
dear respected sir/madam,

i am running a business. and i am receiving payment through online mode.
but in ITR 4, i showed in other mode with 20% profit margin.
Is there any issue with my ITR?
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On 12 July 2020 at 09:54 Report
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Quick Summary
A business owner is concerned about declaring online payments received in their bank account under 'other mode' with a 20% profit margin in their ITR 4 filing. The consensus is that this is not an issue and should not cause problems with their tax return.

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"Do the Right Thing...!!!"
128157 Points Posted on 12 July 2020
No... No more issues.
1 Reply
On 12 July 2020 at 13:53
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Tax Advocate
137 Points Posted on 12 July 2020
Thank you
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On 12 July 2020 at 15:02
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"Do the Right Thing...!!!"
128157 Points Posted on 12 July 2020
You are most welcome...
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On 12 July 2020 at 15:04

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