if I am having income only through accounting at home under which head it should be shown?????
9 Replies
Langesh Siva
(Chief financial Officer- CFO )
(164 Points)
Replied 09 July 2018
Hi,
Treat it as a consultant income like professional income
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 09 July 2018
Treat as Professional income and You can file ITR 3 or ITR 4 (44ada).
Vineet Agarwal
(20 Points)
Replied 09 July 2018
Can I show it as income from other sources and file itr 1????
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 09 July 2018
What is Your total income...?
Any of TDS deducted by customers?
Any of TDS deducted by customers?
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 09 July 2018
Yes... You can file ITR 1 as IFOS.
But, Better to file under PGBP...
But, Better to file under PGBP...
Anjali P Nair
(ACA,ACMA)
(582 Points)
Replied 09 July 2018
You can file as Profits & gains from business or profession under business code 16002 on presumptive basis under section
44 ADA.
By declaring more than 50% of profits as your income.
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