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Lawyers income tax

Leela subhashini N (Student) (70 Points)

06 August 2020

If liyer is willing to file ITR what is the proof of income earned? on which basis he can file ITR?

because he didn't maintain any books of accounts regarding receipts.

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3 Replies

RAGHAV OJHA (11 Points)
Replied 07 August 2020

Sec 44ADA is the best option to be opted by Lawyer and other professionals...Showing 50% of the receipts as Profit for the year..

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sabyasachi mukherjee (26525 Points)
Replied 07 August 2020

Hope gross receipts are less than 50 lakhs per annum.
file itr 3
At least a thumb rule of average income earned per month must be there.
In case threshold income is less than max. amount not chargeable to tax.

Leela subhashini N (Student) (70 Points)
Replied 08 August 2020

OK. but to file return there should some proof related to income earned, in this case loyer didn't maintain any books of account about his earnings, in which case i want to know on what basis can he file return?