Which return form

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747 Points Joined August 2018
A shopkeeper having a grocery shop.His annual turnover is 20 lacs.
He wants to file a income Tax return.
Which ITR to be file & which net profit ratio showed
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On 29 November 2022 at 22:37 Report
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SEO Sai Gr. Hosp.
208788 Points Joined July 2016

File ITR 4 with minimum 8% profit margin for cash sales/turnover.

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On 29 November 2022 at 22:50
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747 Points Joined August 2018
Ok Thanks
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On 29 November 2022 at 22:57
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SEO Sai Gr. Hosp.
208788 Points Joined July 2016

You are welcome ...           

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On 29 November 2022 at 23:08
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28018 Points Joined May 2017
Sec 44AD AND OTHER SECTIONS ARE RELEVANT RELEVANT.
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On 30 November 2022 at 15:56
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CFO- at NHTF
58280 Points Joined August 2012
ITR-3 also can be filed if you have maintained the books of accounts
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On 30 November 2022 at 18:42
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747 Points Joined August 2018
No. Books of accounts are maintained
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On 30 November 2022 at 21:01
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social
342 Points Joined March 2019

File ITR 4, no need of books of accounts. Maintain turnover records.

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On 30 November 2022 at 21:05
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CFO- at NHTF
58280 Points Joined August 2012
If books of accounts are maintained then you can declare actual profit
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On 01 December 2022 at 07:20


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