Dear Experts,
In ITR-4 (presumtive taxation) for AY 2017-18, there are two columns for Total Income from Business u/s 44AD, i.e. 6% of Receipts from Digital mode and 8% of Receipts from other mode.
i.e Presumptive income under section 44AD
a. 6% of E1a
b. 8% of E1b
Now if the assessee wants to declare income more than that (say 25% of Total Receipts), How to show this in ITR-4 ?
There is no mentioning of =or > 6% and = or > 8% in excel utility and PDF of ITR-4
Please suggest.
Guidance Sought on Declaring Income Over 6% or 8% in ITR-4 Form for AY 2017-18 Under Section 44AD An individual inquired about completing the ITR-4 form for the Assessment Year 2017-18 under presumptive taxation, specifically under section 44AD. The form includes two columns for business income: 6% for digital receipts and 8% for other receipts. The individual seeks guidance on how to declare income greater than these percentages, such as 25% of total receipts, as the ITR-4 form does not explicitly allow for declaring income equal to or greater than these specified percentages. They are requesting advice on how to properly reflect this in the form. (AI Summary)
TaxTMI 
TaxTMI 
