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.
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HOW TO FILE INCOME TAX FOR CAR DRIVER CUM OWNER
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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