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Lawyers income tax


Leela subhashini N (Student)     06 August 2020

Leela subhashini N
Student 
 1 likes  43 points

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If liyer is willing to file ITR what is the proof of income earned?  on which basis he can file ITR?

because he didn't maintain any books of accounts regarding receipts.

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RAGHAV OJHA   07 August 2020

RAGHAV OJHA

 10 points

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Sec 44ADA is the best option to be opted by Lawyer and other professionals...Showing 50% of the receipts as Profit for the year..

avater

sabyasachi mukherjee   07 August 2020

sabyasachi mukherjee

 140 likes  3871 points

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Hope gross receipts are less than 50 lakhs per annum.
file itr 3
At least a thumb rule of average income earned per month must be there.
In case threshold income is less than max. amount not chargeable to tax.

avater

Leela subhashini N (Student)     08 August 2020

Leela subhashini N
Student 
 1 likes  43 points

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OK. but to file return there should some proof related to income earned, in this case loyer didn't maintain any books of account about his earnings, in which case  i want to know on what basis can he file return?


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