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Which itr form to file

ITR Filing 392 views 8 replies

Dear All, Im getting salary upto 31.03.2017 and ITR filed form ITR 1, but from 01.04.2017 doing individualy repair & services of xerox machines at door step of office & companies.. which ITR have to file in fy 2017-2018. Please clarifiy and do the needful.

Thanks in Advance.

Sathis Kumar

 

Replies (8)

IF YOUR TURNOVER DOES NOT EXCEEDS 2 CRORES (44AD) OR GROSS RECEIPT DOES NOT EXCEEDS 50 LAKHS (44ADA) DURING FY 2017-18 THAN YOU CAN OPT FOR PRESUMPTIVE INCOME AND FILE ITR-4

AS YOU SAID YOU PROVIDE REPAIR & SERVICE OF XEROX MACHINES. IT MEANS YOU FALLS UNDER SECTION 44ADA. FILE ITR-4 AND FILL DETAILS IN SEC 44ADA(TAXABLE 50% OF GROSS RECEIPT)

OTHERWISE FILE ITR-3

 

 

If your gross receipt doesn't exceeds 50lakhs, then go for ITR-4. Otherwise ITR-3

he can not  opt section 44 ADA same  is   for professionals  so under 44AD   ITR4  or  ITR 3  is applicable . 

Yes... I agreed to Mr Prasad Nilugal.,

The Repair and Maintenance under purview of Business. It's treated u/s 44ad. He can file ITR 3 or ITR 4 in AY 17-18....
Originally posted by : RAJA P M
Yes... I agreed to Mr Prasad Nilugal., The Repair and Maintenance under purview of Business. It's treated u/s 44ad. He can file ITR 3 or ITR 4 in AY 17-18....

OK AGREE

SORRY FOR WRONG EXPLANATIONindecision

 FILE ITR-4 AND FILL DETAILS IN SEC 44AD (TAXABLE 6/8%) OTHERWISE FILE ITR-3
CORRECTION IN WORDINGS

you don't want to file return on presumptive basis than calculate actual taxable income and apply attt
Please share information about turnover, income, age, type of person, residential status, number of days stay in previous year etc. regards CA(Dr.) Mukesh Jinara


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