How to file income tax return of ATM franchisee business where owner cash withdrawls from s/b a/c

ITR-3 is used for the ATM cash loading/franchise business  since the income is in the nature of commission and not eligible for presumptive taxation under ITR-4.

The taxable income is only the commission received from the bank which is credited to your account. The cash withdrawn from your savings account and deposited into the ATM is not income but merely circulation of your own funds and should be shown in the balance sheet as capital introduced(Liability side) or cash in hand(Asset Side).

In the Profit & Loss Account the revenue will be the commission from ATM transactions and you can claim expenses such as rent, electricity, internet, maintenance, bank charges, and depreciation on the ATM machine (if owned). After deducting these expenses, the net profit will represent your taxable business income.