Filing of return
Querist : Anonymous
I have proprietor shop of tea and snacks.
My shop is not registered.
My early turnover is rs. 5 lakh and profit near by 50,000 rs.
Which itr I should be file??
Can I show profit as other sources income??
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use ITR4S and disclose 8% or more on this as income
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Suppose if you disclose 10 lakhs turnover your income is 80000 for the year and not taxable
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it is as per sec.44AD
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Querist : Anonymous
I not maintaining books of accounts
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as per section 44AD you can file return ITR4S by declaring 8% on turnover
..
You not required to maintain any books of accounts to file ITR4-S
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you can go with procedure till your turnover not exceeds 1 crore
Querist : Anonymous
Thnk you somuch
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