This discussion clarifies which Income Tax Return (ITR) form a plumber should use, recommending ITR-4 with Section 44ADA. It advises on selecting profession code 21008 (Other services n.e.c.) and explains how to declare income under Section 44AD. The query also addresses whether to report assets and liabilities like sundry debtors, creditors, and cash, noting that most can be zero value except for cash in hand.
25 June 2023
Which itr form can be plumber suitable for a person doing plumbing activities? If he opts for sec 44ADA IN ITR-4 then which profession code should be convenient for the plumber?
27 June 2023
Should I have to show assets & liabilities like sundry debtor, sundry creditor and cash under 44AD . Assessee is a plumber by profession? Please tell me