suggestions about file itr 4 for ay 17 18
Vitthal (Article assistant) (45 Points)
26 November 2017
we can show interest on saving bank account in itr 4
23 Replies
Divakar
(Student CA Final )
(11857 Points)
Replied 26 November 2017
And take deduction under section 80TTA upto RS. 10000/-
Vitthal
(Article assistant)
(45 Points)
Replied 26 November 2017
but under sections 44 ad we can show presumptive income more 8 %of gross receipts. not show p&l ,balance sheet.if we show income from other source
Vitthal
(Article assistant)
(45 Points)
Replied 26 November 2017
I need to show p&l and balance sheet and itr 4 is only for presumptive income
Vitthal
(Article assistant)
(45 Points)
Replied 26 November 2017
I want to opt presumptive income scheme
Vitthal
(Article assistant)
(45 Points)
Replied 26 November 2017
but I have also interest income so I can file itr 3 ya 4 for at 17_18
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 26 November 2017
The above said Interest ll be treated in ITR under Computation window.
The addition and Deduction in Computation window. No need show it in BS and PandL...
The addition and Deduction in Computation window. No need show it in BS and PandL...
Divakar
(Student CA Final )
(11857 Points)
Replied 26 November 2017
Interest on savings account is other income and 44 AB apllied only on business and professional incone... What u r trying to say can't understand
Vitthal
(Article assistant)
(45 Points)
Replied 26 November 2017
but sir itr 4 only for presumptive icome
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 26 November 2017
The Budget announced the Rent deduction Rs. 5000 / p.m form 1st April 2017. It's come into force on FY 17-18...
In previous you can claim Rs. 24000 u/s 80GG ...
In previous you can claim Rs. 24000 u/s 80GG ...
Divakar
(Student CA Final )
(11857 Points)
Replied 26 November 2017
When you prepare you profit and loss.. There is head sale and other income... Interest on savings account come under other income... In itr 3 you have to show total income.. Then waht is need to show interest income in addition
Vitthal
(Article assistant)
(45 Points)
Replied 26 November 2017
I want to file return under 44 ad but I have also income from interest on saving so which itr I file itr 4 or 3 for at 17_18
Divakar
(Student CA Final )
(11857 Points)
Replied 26 November 2017
Bro file itr4... Is is for presumptive income and in this itr you can show also details of salary house property and other income
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