Income ta filing
This query is : Resolved
Quick Summary
Latha Ramesh
(Querist)
14 December 2021
My husband had one tailor shop , he is a tailor , for loan bank manager ask him to fill it returns so what my question was under which itr should he need to fill and tailor is an business or profession ? What are all we need to do for filing itr 4 if in case ...
CA R SEETHARAMAN
(Expert)
14 December 2021
Tailoring is a profession ITR 4 can't be filed, file ITR 3.
15 December 2021
income can filed under section 44ADA, you can file ITR 4 if you have profits more than 50% of your gross receipt
CA R SEETHARAMAN
(Expert)
15 December 2021
Tailoring work will not cover under 44ADA so either go for 44AD or choose ITR 3.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Ito add credit side of bank
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Employee secondment
- GSTR9 Annual Return
- Reward for festival
- ARCA LOGIN
- Capital gain on commercial property and investment in residential property
- Form 144 TDS Return Validation error
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- Resigning a auditor from the company for misconduct
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
