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HOW TO FILE INCOME TAX FOR CAR DRIVER CUM OWNER

Others 1836 views 3 replies
Dear sir

my brother driving car cum owner he want to IT FILLING PLEASE guide me

he no otherincome source his bank statements total credits upto 400000 he accept cash also how to prepare itr please tell me.
Replies (3)

The net income/ profit can be shown directly under income from other source as Hire Charges received (ITR-1). Or you can show it as business income and upload P&L and balance sheet (ITR-3/ITR-4) .

sir suppose his bank statement shows 400000 but his income upto 700000 that time in IT Filling  total amount is show or only bank statement  as income source

You can show the total income of 7,00,000 in ITR. Its not necessary that only the amount received in bank has to be offered as income


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