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Reg:ITR4

124 views 2 replies

Madan Kumar

10 Points Joined May 2018

if we can show more than 8% means. In itr execel they mention only 8% in that pace we can put 15% profit?

Replies (2)

Dev

Article Trainee.

613 Points Joined July 2012

yes.. no problem.. you cant show less than 8%.

Saifullah Khalid

Autodidact/Curious

638 Points Joined October 2014

Originally posted by : Madan Kumar
	if we can show more than 8% means. In itr execel they mention only 8% in that pace we can put 15% profit?

YES why not ...dont get confused by that " 8% " , this is the minimum specified rate of percent and almost every one use this minimum rate...though its absolutely legal to consider @ 8 % ... BUT still you can declare anything above 8% .. thats your legal right too...this section of IT act is the Golden provision ... nothing could be better then this for small assesse ...