itr 4
Akash Jain (Student ) (73 Points)
28 August 2018
i earn income from beauty parlour from my home which head i have to show under nature of business
3 Replies
Poonam Lohiya
(158 Points)
Replied 28 August 2018
the Income from Beauty Parlour can be assessed based on Section 44AD of Income Tax Act, 1961, which states that when the Turnover of the Business is less than or equal to Rs. 2 Crores, the assessee can pay tax on Presumptive Income which shall be not less than 8% of Turnover from such business.
Akash Jain
(Student )
(73 Points)
Replied 28 August 2018
yes ...but under which nature of business it will come under itr 4
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