Which itr4s is applicable

One of my Client doing Manpower Consultancy with turnover of Rs. 85,00,000 ( including Wages, OT, Service charge and Service Tax). So we can use ITR 4S?

Replies (2)

Yes. You can use ITR 4S, under presumptive business income

Dear Sargurnathan,

 

U can file 4S but u have to pay 8% as deemed income which seems to be very high.

 

So it would be advised to get audited your books of account 

 

Kindly like if my forum had helped you 

Originally posted by : Sargurunathan.G.R.

One of my Client doing Manpower Consultancy with turnover of Rs. 85,00,000 ( including Wages, OT, Service charge and Service Tax). So we can use ITR 4S?

 

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