Dear Sir/Madam,
I wanted to file ITR 4S (AY 2017-2018) so I wanted to know more about Sections 44AD and 44ADA to avoid tax return audit and keep account books, receipts etc..
My freelance (Web data admin) total income is 2,61,016/-
So can I show 2,61,016/- gross receipt and 50% of income i.e. 1,31,000/- under 44ADA section?
Screenshot: https://www.screencast.com/t/7X69WmrHm
And also doing F&O options trading too (but no profit)
FY 2016-2017 F&O total turnover 16,35,548/-
Can I show turnover 16,35,548/- under Gross Turnover and 6% of profit 100,000/- under 44AD section
Screenshot: https://www.screencast.com/t/dBfMnHYiZe
there will be some around 1000-1500/- tax need to pay so I will
(I don't want toget tax return audit and keep account books, receipts etc..)
Please advise
Thank you
Kind regards,
Narayan K
Hubli