sir/Madam
in which form we should submit can driver/owners . can we file ITR 4 assuming presumptive income . or ITR 3 where commission agents ?
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Cab driver/owner - which ITR to be used
Replies (4)
Quick Summary
Your question itself is answering it.
ITR 4 under presumptive income 44AD
ITR 3 under business income with P&L and BS if it's commission income (as commission income doesn't qualify under presumptive taxation)
ITR 3 under business income with P&L and BS if it's commission income (as commission income doesn't qualify under presumptive taxation)
Thankyou very much
if you are owner then ITR 3 is preferrable but still if you are driver ITR 2 is preferrable
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