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Which ITR for individuals who want to file an ITR just for compliance and are not earning much.
An Individual who is earning small income through coaching wants to file, though she is non taxable, ITR 3 should be filed in this case?
Replies (8)
Quick Summary
Yes ITR 3 SHOULD BE FILED
Yes but it's better to file itr 4
ITR 4 asks for presumptive income. He just wants to file to show 2 lac income
I think Itr 4 there is 44AD where coaching also comes under if it's not income from proffestional
You said Just for Compliance...
So, if your income is less than basic Exemption limit i.e less than 2,50,000 than you are not required to file income tax return as per income tax Act, 1961
So, if your income is less than basic Exemption limit i.e less than 2,50,000 than you are not required to file income tax return as per income tax Act, 1961
I think it's totally depend on your income source. for just compliance we are not suggest any ITR without knowing your income source.
Professional income through acting
You should prefer ITR 4
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