Dear Members,
I definitely want to submit IT for them so that they can take small loan from the Bank and grow the business on new shop they bought recently. Total earning around 2+Lacs/annum.
We just want to pay around 1000 as a tax,
AS ITR 4/S, both are very complex, can I use ITR 1 "Income from Other Sources" section
steps:
1)Fill section "Income from Other Sources (Ensure to fill Sch TDS2)
2) Pay the "Self Assessment Tax" online
3) Fill the schedule "21 IT" TDS sheet from above point#2
4) Submit the form online, generating ITR V
5) Send ITR V to Bangalore
Could you please confirm, if my above my steps/understanding is correct?
Kindly help, Thanks in advance!!
Surprised, that the Govt made ITR 4/S so complex and they keep crying on non-submission of IT from business people.
I wonder, how a small vendor/business people can fill ITR 4/S, most of them illiterate or no computer knowledge or no detail taxation knowledge...but anyway!!
CAclubindia
