Computation and itr
This query is : Resolved
13 September 2014
I want to know,if a person earned income from tea stall then which itr he should upload.
13 September 2014
Dear Dev,
If he keeps books of accounts then file ITR4, otherwise ITR4S.
If he keeps books of accounts then file ITR4, otherwise ITR4S.
13 September 2014
he does not maintain any accounts
he just a chaiwala who earned income from such business
he just a chaiwala who earned income from such business
13 September 2014
Then file ITR4S (estimated income i.e. 8% of turnover)
13 September 2014
he gave me bank statement,shop licence, agreement of shop
13 September 2014
Dear Dev,
Ask the party (he can give you estimated figure of yearly turnover)
Minimum 8% of the turnover is taken as net profit, assessee can claim more profit if he thinks his net profit would be more than this.
Ask the party (he can give you estimated figure of yearly turnover)
Minimum 8% of the turnover is taken as net profit, assessee can claim more profit if he thinks his net profit would be more than this.
13 September 2014
Dear Dev,
Hope it is clear to you now.
Hope it is clear to you now.
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