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Income from 'Amway Business Owner' Activity.

This query is : Resolved 
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Guest

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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.
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DR GAURAV GUPTA FCA, FCS, LL.B

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DR GAURAV GUPTA FCA, FCS, LL.B (Expert)
26 July 2010 YOU CAN TAKE IT IN OTHER SOURCES OR BUSINESS NO IMPACT IS BECAUSE BOTH WILL GIVE SAME INCOME AFTER EXP.
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Guest (Querist)
26 July 2010 Dear Friend,

Thank you for your response.

D.KARTHIKEYAN.
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