Giving effect to sec.5a in itr4s, Income Tax

[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

Posts / Replies

[GOPALJI AGRAWAL]

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

[suraj Gaonkar]

ps read sec. 5A  of Income Tax Act.

its about apportionment of income between spouses

[suraj Gaonkar]

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