Giving effect to sec.5a in itr4s

[suraj Gaonkar]

how to show half share of spouse i.e.sec 5a in itr4sugam?

SAY FOR EXAMPLE A ASSESSEE HAS A GROSS RECIPTS OF BUSINESS AS            2500000.
SO, IN FORM ITR4 SUGAM IT WILL APPEAR AS BELOW.

SCHEDULE BP
E1- GROSS RECEIPTS FROM bUSINESS                       2500000
E2- SEC 44AD 8%                                                                    200000
E5- NIL
E6- (E2+E5)                                                                               200000

PART B
B1- INCOME FROM BUSINESS                                             200000
(enter val from E6)
B2- NIL
B3- NIL
B4- NIL

B5-GROSS T.INCOME(B1+B2+B3+B4)                                 200000

IN THE ABOVE EXAMPLE HALF SHARE COMES TO 100000 ,NOW WHERE TO SHOW THIS 100000 IN ITR4SUGAM?

DO WE HAVE TO MAKE HALF SHARE OF GROSS RECEIPTS?

pLS REPLY

AI Summary

Guidance on Reporting Spouse's Share in ITR-4 Sugam Form Under Section 5A for Business Receipts A user inquired about how to report a spouse's half share under Section 5A in the ITR-4 Sugam form, using an example of a business gross receipt of 2,500,000. The form's Schedule BP and Part B were outlined, showing a total income of 200,000, with a question on where to reflect the spouse's 100,000 share. Responses included a request for clarification on business structure and a suggestion to refer to Section 5A of the Income Tax Act, which deals with income apportionment between spouses. Another response offered a contact for assistance with tax returns.