Asseesee running mobile accessories shop. He is registered under gst. FY 2019-20 Turnover is ₹14,05,937. On that turnover presumptive basis 16% income offering.
Inaddition to that he earns repairs income from mobile phones repairs.
where i can show repair income in income tax return.
Menu
Mobile repairs income
Replies (5)
Quick Summary
It should be shown as indirect Income
How to show mobile phones repairs income under income tax return. That means which head & where it is taxable.
Please guide me on tax treatment
Please guide me on tax treatment
Both together will be in PnL account. Repairs Income will be income from Repairs in pnL. Accessories will be sale purchase.
Books not prepared so i want to opt 44AD( i.e presumptive basis). In presumptive basis how repairs income shown.
The whole list is there in ITR4 to select business and services codes
Recent Topics :
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
Related Topics :
CAclubindia
