My uncle runs a AC mechanic shop(repairs shop). It is a proprietor concern. He takes home 30k per month after meeting all his expenses. He has not maintained books of accounts. In which ITR he should file. Can we show his income as a presumptive income (8% from his receipts) if so he is not a trader and its not a profession. How to go about it!!?
Please help
Thanks in advance
Tats ok sir, but under Profession!??
then under what sir??? he is doing a service, without maintaining his books.Then how to show in ITR 4
then under what sir??? he is doing a service, without maintaining his books.Then how to show in ITR 4
Show in ITR 4 u/s 44AD
CAclubindia
