MR A. TRADING FOR THE ASST-YEAR 2018-19 RS.54.34 LAKS. THE NET PROFIT RS.4,72,000/-
1) IF FILING FOR FORM NO.3?
2) OR FILING NO NO.4?
3) IF DEDUCTED FOR 80C
4) IF CLAIMED FOR DEPRECATION FOR IN STATEMENT?
THANKS
MR A. TRADING FOR THE ASST-YEAR 2018-19 RS.54.34 LAKS. THE NET PROFIT RS.4,72,000/-
1) IF FILING FOR FORM NO.3?
2) OR FILING NO NO.4?
3) IF DEDUCTED FOR 80C
4) IF CLAIMED FOR DEPRECATION FOR IN STATEMENT?
THANKS
I thnik profit is more than 8% so you can opt ITR4 Secton 44Ad of the income tax act . You will get deductions under 80C , However you can not calim deprecation .
please confirm with others also
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