ITR SELECTION

This query is : Resolved

Tribhuvan Soni (Querist)
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16 June 2017 If anyone have income from making gold jewellery... who have received labour against.. it. which itr should be filled for it . i think it is job work income . so which itr should be filled

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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16 June 2017 you have to file ITR-3 for the assessment year 2017-18

Tribhuvan Soni

Tribhuvan Soni (Querist)
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16 June 2017 but can I show this income in other sou

Tribhuvan Soni

Tribhuvan Soni (Querist)
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16 June 2017 but can i show this income in head income from other source. . and file itr 2 or 1

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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16 June 2017 Incase income is below the basic exemption limit and no TDS deducted by the party then you can show the income from other sources and select the ITR 1 or 2

Incase income is huge and more than the basic exemption limit or TDS deducted on the income, suggested to file ITR-3 or ITR-4S( under presumptive basis), it also help you to claim the expenses related to your business

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