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Income Tax Return Of Private ITI
How to file Income Tax return of private ITI having gross turnover of rs 30lakh?
Replies (9)
Quick Summary
please elaborate your query. do you want to know the rate applicable or the itr form?
Which ITR form I have to choosne at the time of filing of ITR? Brief the procedure of filling.
you will have to file itr 7 if it is for an education institution
It is not registered under 12AA
you may go through the following link for better clarity.
https://cleartax.in/s/itr7
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?
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?
yes, you can file itr 4 under presumptive income
Thanks
Yaa u can choose ITR 4
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