Income ta filing

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This discussion clarifies the correct Income Tax Return (ITR) form for a tailor. It explains that tailoring is generally considered a profession, meaning ITR-4 might not be suitable. The advice suggests exploring ITR-3 or potentially ITR-4 under specific profit conditions, or considering sections like 44AD if applicable, as 44ADA is unlikely to cover tailoring work.

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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 ...
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 December 2021 Tailoring is a profession ITR 4 can't be filed, file ITR 3.
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c.bakshi

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c.bakshi (Expert)
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
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
15 December 2021 Tailoring work will not cover under 44ADA so either go for 44AD or choose ITR 3.
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