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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- Consolidated financials
- Section 50-fixed asset-->building ceases to exist
- TDS on TRUST
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
