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Driver income

This query is : Resolved 

16 March 2015 One of client is taxi driver, he wants to file return for the F.y 2013-14, which form should be applicable and can i file quick return file after login (only ITR-1 & ITR 4S is available).

Thanks

16 March 2015 ITR 4S will be applicable in this case.

As ITR 1 is applicable to salaried assessee only.

24 March 2015 Is he has to show 8% profit of Gross receipts, and what will be the tax rate, if there is tax payable, if possible please provide me an illustration It will be great help for me(Taxi driver income)

Thanks

24 March 2015 He can claim 8% or at higher percentage as profit / income on gross receipts. Income tax will be as per slab rates.


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