Most urgent it return
This query is : Resolved
Arpit Shah
(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.
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.
KAVIRAJA ADDANGADI
(Expert)
22 November 2016
you can file ITR-4s sec 44AD Presumptive Income you can declare 8% of Gross Turnover.
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
She earns money from home as making foods products all transaction in cash form
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%
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
She earns money from home as making foods products all transaction in cash form
In ITR(EXAMPLE)
Total Income-175000
Profit-175000
Dhirajlal Rambhia
(Expert)
04 October 2021
For Net profit 175000/- you need to have more sales. There cannot be 100% profit in any business.
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