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Income Tax Return Of Private ITI

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574 Points Posted on 12 September 2020
How to file Income Tax return of private ITI having gross turnover of rs 30lakh?
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On 12 September 2020 at 19:59 Report
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Chartered Accountant
412 Points Posted on 12 September 2020

please elaborate your query. do you want to know the rate applicable or the itr form?

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On 12 September 2020 at 21:58
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574 Points Posted on 12 September 2020
Which ITR form I have to choosne at the time of filing of ITR? Brief the procedure of filling.
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On 12 September 2020 at 22:02
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Chartered Accountant
412 Points Posted on 12 September 2020

you will have to file itr 7 if it is for an education institution

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On 12 September 2020 at 22:07
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574 Points Posted on 12 September 2020
It is not registered under 12AA
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On 12 September 2020 at 22:08
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Chartered Accountant
412 Points Posted on 12 September 2020

you may go through the following link for better clarity. 

https://cleartax.in/s/itr7 

 

 

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On 12 September 2020 at 22:08
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574 Points Posted on 12 September 2020
Let me clear
1) As it is not registered under 12AA so it is not a charitable institute/collage/ school.
2) It's a profit making business.
So my question is to whether it will be right to file ITR in the capacity of sole proprietorship by choosing ITR 4?
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On 12 September 2020 at 22:17
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Chartered Accountant
412 Points Posted on 12 September 2020

yes, you can file itr 4 under presumptive income

 

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On 12 September 2020 at 22:24
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574 Points Posted on 12 September 2020
Thanks
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On 12 September 2020 at 22:30
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493 Points Posted on 13 September 2020
Yaa u can choose ITR 4
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On 13 September 2020 at 00:24


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