ITR for interior decorator

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30 Points Posted on 01 June 2022

Dear Sir

ITR & any exemption for Income form interior decorator work

FY 21-22 Total income 8,60,000/-

No TDS deducted.  

Pls suggest , ITR and any tax benefits

 

 

 

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On 01 June 2022 at 12:15 Report
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Quick Summary
An interior decorator with a total income of £8,60,000 for FY 21-22, and no TDS deducted, is seeking guidance on the appropriate Income Tax Return (ITR) and any available exemptions. The discussion suggests that ITR-3 is most suitable. Furthermore, it's confirmed that filing under section 44ADA is possible, potentially leading to a 50% exemption and zero tax liability.

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Profession
28261 Points Posted on 01 June 2022
Itr 3 is most suitable.
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On 01 June 2022 at 12:56
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30 Points Posted on 01 June 2022

Thanks 

Can I file under 44ADA 50% exemption  benefit 

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On 01 June 2022 at 14:59
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CA
10436 Points Posted on 01 June 2022
Yes you can and it will make your taxes to zero.
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On 01 June 2022 at 18:49
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PRACTICE
3584 Points Posted on 01 June 2022
File ITR3
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On 01 June 2022 at 22:42
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Profession
28261 Points Posted on 02 June 2022
Pls upload live figures.
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On 02 June 2022 at 07:57
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30 Points Posted on 02 June 2022

Thanks to All 

 

 

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On 02 June 2022 at 10:28
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CA
10436 Points Posted on 03 June 2022
Welcome
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On 03 June 2022 at 23:49

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