ANIL KUMAR KHETAN (PROPRIETOR) (487 Points)
11 July 2018
Sarath Rajendran
(Nil)
(2791 Points)
Replied 11 July 2018
You can show it as a professional income and can opt ITR 4 (Presumptive Basis)
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 11 July 2018
| Originally posted by : ANIL KUMAR KHETAN | ||
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1 Income from job works on computer - business code -
2. Business income or professional income, please guide me |
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Plaese tell the Job works details...
Any data entry related job or Servicing works based on computers?
ANIL KUMAR KHETAN
(PROPRIETOR)
(487 Points)
Replied 11 July 2018
Anjali P Nair
(ACA,ACMA)
(582 Points)
Replied 11 July 2018
You may choose Profession income and code is16003 and you can opt for ITR 4 ie on presumtive basis declare 50% or more of gross receipt as income as per section 44ADA.
Otherwise you can opt business income(service) and decalare 8% or more of your gross receipt as income under section 44 AD(if you are not providing any accounting and book keeping service)
ANIL KUMAR KHETAN
(PROPRIETOR)
(487 Points)
Replied 11 July 2018
CAclubindia
