Giving effect to sec.5a in itr4s

[Guest]

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

[CAGOPALJI AGRAWAL]

Please clarify whether you are carrying business as partnership or as joint venture? In what status are you regd with VAT authorities.

[Guest]

ps read sec. 5A  of Income Tax Act.

its about apportionment of income between spouses

[Guest]

for effilling ur returns contact -9823987837 (service available only in Goa)

AI Summary

Apportionment of income between spouses: reporting spouse's half share in ITR 4 Sugam under sec 5A guidance requested. Apportionment of income between spouses under sec.5A is questioned for ITR 4 Sugam reporting. Example: gross receipts 2,500,000 with presumptive income at 8% equals 200,000, yielding a spouse's half share of 100,000; the taxpayer asks whether to split gross receipts or allocate the computed presumptive income and where to show the 100,000 in ITR 4 Sugam. Respondents request clarification on business form (partnership or joint venture) and VAT registration and refer to sec.5A but give no definitive filing guidance.