Choosing correct head of income
This query is : Resolved
06 October 2015
Dear All,
please guide me.
A women gives food (tiffin) service only to 4-5 students in her neighbourhood throughout the year and earns approx. 1 lakh. Her cost is approx. 55000/-. she does not maintain any records. can we show her income under income from other sources = Net 45000/-. or we should use form 4 / 4s to show income from business/ profession as profit = 45000/-.
which ITR form should be used and why ?
thanks.
please guide me.
A women gives food (tiffin) service only to 4-5 students in her neighbourhood throughout the year and earns approx. 1 lakh. Her cost is approx. 55000/-. she does not maintain any records. can we show her income under income from other sources = Net 45000/-. or we should use form 4 / 4s to show income from business/ profession as profit = 45000/-.
which ITR form should be used and why ?
thanks.
06 October 2015
No need to file return if she earns no other income.
07 October 2015
but if she still wants to file her return to prove his part in family income, then under which head to show her income and which ITR to select.
07 October 2015
To make it simple file ITR 1 showing it under income from other sources.
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