ITR form
This query is : Resolved
04 July 2011
I want to know that whether an advocate keeping no books of accounts as he is having no good practise. His gross receipt is around 2.5 lacs. If he claims estimatated 33.33% expenses and decided to show balance as his net income. Whether he can file return in ITR-4S ? If the deemed profit is above 8% can he use ITR 4-SUGAM? In the ITR-4S "nature of business" shows the income from legal professinals. My doubt is whether he can opt ITR4S in e-filing his Return? Please clarify...
05 July 2011
No Income from profession is not included under section 44AD and hence he cannot file ITR 4S.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Rent lease agreement
- Relief u/s Section 89
- REGARDING SECTION 44AE
- ASISSE return under the provisions of the Collection of Statistics Act, 2008 (7 of 2009)
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
