Income earned by house wife by selling saree at home. Should it b considers as business income and filed using ITR 4S?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160604 Points)
Replied 04 December 2016
Yes, trading business.
Can file ITR 4S, based on the compliance of other conditions.
Some evidence like purchase bills, payment by banks etc., may be required to authenticate your business turnover.
CAclubindia
