ITR -4S - Should Gross Receipt be sum of two business

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..... ITR -4S - Should Gross Receipt be sum of two business
Query (Issue) Started By: - Aditya Parakh Dated:- 15-6-2017 Income Tax
Income Tax
Hello , I have an IT data analytics service business. .....

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..... Gross service value was 12 lacs for FY2016-17. Service tax also paid for the same. Previous three years my Gross Receipt was perfectly equal to amount as per ST-3. And both the dept cross check the .....

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..... amounts. Have received a communication regarding mismatch once. I purchased Indica for additional income from uber. Received 1 lac online payment and ₹ 90,000 cash. Should this 190,000 also b .....

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..... e a part of the Gross Receipt in the ITR. Only 12 lacs reflect in the Service Tax Returns perfectly. So Gross Receipts = 12 lacs or 13,90,000 ? Or should 190,000 be in "income from other source .....

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..... s". I dont think so though. It is meant for FD interest etc right ? In any case I intend to declare the Net Presumptive income as 6 Lacs irrespective of Gross Receipt. Also I know PPF interest .....

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..... income is exempt from income tax. But is this amount to be shown in the ITR. First show and claim deduction. Or just forget about it.
Discussion Forum - Knowledge Sharing .....

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