Which itr to fill for earnings by home baker

Thanks Pravin

1. Home baking is a good business and can be very tiring at times. Anyways with respect to tax, income from such business will be considered as business income and not a profession. 
2. Presumptive taxation u/s 44AD can be opted for and there is no need for maintaining BOA as such. 
3. 8% of the gross receipts during the year will be considered as income and tax shall be payable on the same. The 8% will be replayed by 6% if the receipts are through NEFT, RTGS and not through cash. 
Please correct me if the above solution has an alternative view. 

Thanks Suresh. I have a similar understanding as yours.

With reference to your point 3, do we need to keep separate records of gross receipts? or will it be fine to keep bank statements as records?

Also does transactions through Wallets like Paytm be counted for 6% of gross receipts like NEFT, RTGS?

1. Generally, bank statements are considered as a valid record. But it would be best if you have a separate record for gross receipts and do a cross-verification and reconcile it for its authenticity.