CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Which ITR to be filed


Surinder (Assistant)     07 August 2020

Surinder
Assistant 
 2 likes  134 points

| My Other Post

Dear Sir

Please suggest which ITR to be filed for business income (electricity bill paid online, mobile recharge,dish recharge,) and salary income

avater

Sagar Patel (Tax and Business Consultant)     07 August 2020

Sagar Patel
Tax and Business Consultant 
 775 likes  8495 points

View Profile | My Other Post

If your Salary income is a major part of your total income, and business income (mobile recharge, dish recharge) is not substantial in amount, than you can file ITR 1 by showing business Income as income from other sources.

1 Like

Surinder (Assistant)     07 August 2020

Surinder
Assistant 
 2 likes  134 points

View Profile | My Other Post

Sir business income is more then salary
salary is only 3 months

avater

Sagar Patel (Tax and Business Consultant)     09 August 2020

Sagar Patel
Tax and Business Consultant 
 775 likes  8495 points

View Profile | My Other Post

If the income from business is going to be substantial, every year and year after year, if it's regular in nature, like this year and thereafter if every year you will going to receive this income, than such income shall fall under income from business.

it's commission in nature like you are charging some commission to do recharge of outside party, than you can file your IT return in form ITR 3.

2 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading

Popular Discussion


view more »



Trending Tags
GST Live Class    |    x