Income from 'Amway Business Owner' Activity.
This query is : Resolved
Guest
Guest
(Querist)
26 July 2010
Dear Experts,
A is a salaried individual.
A has joined in AMWAY and registered as Business Owner in the month of Feb. 2010.
A earned a maximum sum of Rs.4000/- as on 31.03.10.
Query
Whether A should use Form ITR-4 and admit Rs.4,000/- as Business Income.
Ans : ......................
Can we simply use Form ITR-1 and offer this income as 'Income from other sources' ?
Ans : ......................
By doing so, will there be any impact ?
Ans : ......................
I shall wait for Experts' Views.
A is a salaried individual.
A has joined in AMWAY and registered as Business Owner in the month of Feb. 2010.
A earned a maximum sum of Rs.4000/- as on 31.03.10.
Query
Whether A should use Form ITR-4 and admit Rs.4,000/- as Business Income.
Ans : ......................
Can we simply use Form ITR-1 and offer this income as 'Income from other sources' ?
Ans : ......................
By doing so, will there be any impact ?
Ans : ......................
I shall wait for Experts' Views.
26 July 2010
YOU CAN TAKE IT IN OTHER SOURCES OR BUSINESS NO IMPACT IS BECAUSE BOTH WILL GIVE SAME INCOME AFTER EXP.
Guest
Guest
(Querist)
26 July 2010
Dear Friend,
Thank you for your response.
D.KARTHIKEYAN.
Thank you for your response.
D.KARTHIKEYAN.
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