banner_ad

Most urgent it return

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 November 2016 Hello Sir,
My client is housewife(window) is earning Monthly about 15K-20K from home business
(work Like Selling And Making foods Products).
She has no assts.
It is compulsory to make P/L, B/s
all transation in cash

So plz suggest me which Itr to fill & is it ok with that to fill itr there is nil return.
Profile Image

KAVIRAJA ADDANGADI

Profile Image

KAVIRAJA ADDANGADI (Expert)
22 November 2016 you can file ITR-4s sec 44AD Presumptive Income you can declare 8% of Gross Turnover.
Profile Image

Arpit Shah

Profile Image

Arpit Shah (Querist)
22 November 2016 all income are in the from of profit
She earns money from home as making foods products all transaction in cash form
Profile Image

KAVIRAJA ADDANGADI

Profile Image

KAVIRAJA ADDANGADI (Expert)
22 November 2016 under Sec 44 AD you have to declare Income Minimum 8% of Gross Turnover ,You can declare more than 8%
Profile Image

Arpit Shah

Profile Image

Arpit Shah (Querist)
22 November 2016 all income are in the from of profit
She earns money from home as making foods products all transaction in cash form
In ITR(EXAMPLE)
Total Income-175000
Profit-175000
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
04 October 2021 For Net profit 175000/- you need to have more sales. There cannot be 100% profit in any business.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details