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Which itr should be file?

ITR Filing 644 views 1 replies

Which ITR should be file if a person earn income from:-

>Salary

>Commission & Brokerage

>Technical Services

 

Replies (1)

Commission & Brokerage and Technical Services come under Profits or Gains from Business or profession - therefore You will have to use ITR 4 or 4S respectively depending on your turnover.

If your turnover from business activities is less than 60 lakhs you can opt for presumptive taxation and compute income @ 8% of turnover - In this case ITR 4S will suffice. Instead if you want to declare income less than 8% of the turnover then you will have to maintain proper accounts and get it audited in which case ITR 4 is required

You can download ITR from this link 

https://incometaxindiaefiling.gov.in/portal/individual_huf.do


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