About service ITR

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8 Points Posted on 17 July 2021
I have my own service work but I have not taken gst no and income is above rs. 600000 then which ITR should I file.
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On 17 July 2021 at 00:14 Report
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Quick Summary
If your service income exceeds £600,000 and you haven't registered for GST, you need to determine the correct Income Tax Return (ITR) form. Based on the discussion, ITR-3 is generally recommended for professionals with commission income or those subject to audit. However, if your services fall under a non-specified profession and you don't maintain detailed accounts, ITR-4 might be an option, especially if presumptive taxation applies. It's advisable to consult with a tax professional for personalised guidance.

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3924 Points Posted on 17 July 2021
What type of services you provide ?.
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On 17 July 2021 at 05:43
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Chartered Accountant
24588 Points Posted on 17 July 2021
ITR 3
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On 17 July 2021 at 09:17
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Practicing Chartered Accountant
573 Points Posted on 17 July 2021

Kindly mention the nature of service rendered

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On 17 July 2021 at 11:56
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STUDENT
1631 Points Posted on 17 July 2021
ITR -4 -44AD -Presumptive Taxation -You can choose.

My Opinion.


Sourav Ji -ITR -3 is for 44AB -Assese'ies and have a commission income.
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On 17 July 2021 at 13:00
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8 Points Posted on 17 July 2021
We provide online E-Learning Services to company.
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On 17 July 2021 at 13:25
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STUDENT
1631 Points Posted on 17 July 2021

So, It comes under -Non-Specified Profession -U/S 44AA.

 

Income up to 2.5 Lakhs -No problem, you can file without books of accounts.

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On 17 July 2021 at 14:20
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Chartered Accountant
24588 Points Posted on 17 July 2021
File ITR 3 if subject to audit otherwise File ITR 4
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On 17 July 2021 at 16:56

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