ITR filing for new proprietorship firm (I am freelancer) with less than 2.5 lakh annual income.

ITR 183 views 1 replies

Hi,
I am a freelancer and registered a new proprietorship (Micro enterprise) firm under UDYAM registration portal. What nil returns (ITR 1 or 3 or 4) the owner should file when annual income is less than 2.5 lakh rupees? I used to file ITR 1 the previous years.Also is export of service to be shown in when filing ITR? (Clients are physically located outside India and I am physically located inside India for past few years).

Regards,
Kishwar

Replies (1)

Ideally ..... you should file ITR 3.....

The data of ITR are fatched by Udhyam System.

Yes, all the services are required to be declared in total receipts...


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