Business income

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sidambaraselvan (Querist)
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03 January 2014 I am doing Job typing in my home and earning income from it.

Also I am doing share trading as Intra day share trading.

I don't have any commercial name for doing Job typing. I am doing at home itself.

In this context, may I show the income generated from job typing as business income. If so, kindly guide me how to show my income generated from job typing?

May I deduct cost of printing consumables such as cost of paper, cost of purchase of Laser toner as deductions from my earnings

I am asking this query because I obtained PAN Card and my income from both job typing and intra day share trading is less than 2 lakhs.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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03 January 2014 in this case you can show income from profession and all exp inccured for earning such income is deductible.

you can fill up ITR 4.

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