banner_ad

Income from sale of vegetable & fish

Tax queries 1821 views 4 replies

If one is to declare Income from sale of Vegetable & Fish, where would one show it ?

Both Purchase & Sale are in Cash Transactions.

Thanks in advance.

Tjr

Replies (4)

FIle ITR-4 and show income from business/profession.

We can Classify such income under

1. Other Sources or

2. Business Income

Final Advise would depend on the quantum & Amount of Transaction

treated as income from retail business and you need to file itr-4s claiming profit under presumptive taxation.

Show it as as business income of receipts and payments are subtantial.Else it can be shown as income from other sources if the scale is very small.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details