One of my client is having total income of INR 3.5 Lac and running beauty parlour at home so which ITR is applicable, ITR4 or ITR4S
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Itr4 or itr4s for beauty parlour
Replies (2)
It depends
1. If you are showing 8% of gross receipts received as income from Business then 4S.
2. Else 4 -- here prepare books of accounts and get them audited if icome shown is less than 8%
1. If you are showing 8% of gross receipts received as income from Business then 4S.
2. Else 4 -- here prepare books of accounts and get them audited if icome shown is less than 8%
itr 2 can filed for beauty parlour if income is below 3 lac
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