ITR-4 (Presumptive Taxation) - AY 2017-18

[Bijay Shrestha]

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.

AI Summary

Presumptive taxation reporting: how to record declared income exceeding prescribed presumptive amounts in the ITR 4 utility.
ITR 4's presumptive taxation schedule under section 44AD provides two columns calculating presumptive business income separately for receipts by digital mode and receipts by other modes. The taxpayer asks how to report a declared business income exceeding those statutory presumptive percentages within the ITR 4 Excel utility or PDF, since the utility shows only the prescribed presumptive fields and lacks explicit ">=" or ">" entry options for higher declared amounts.