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??
.
.
use ITR4S and disclose 8% or more on this as income
.
.
Suppose if you disclose 10 lakhs turnover your income is 80000 for the year and not taxable
.
.
it is as per sec.44AD
.
.
Querist : Anonymous
I not maintaining books of accounts
.
.
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
.
.
you can go with procedure till your turnover not exceeds 1 crore
Querist : Anonymous
Thnk you somuch
Click here to login now
Similar Resolved Queries
- House Property Reporting in ITR
- Refund Annexure-B
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
