Income Tax return form
This query is : Open
17 May 2017
My client is a yoga instructor and gets a professional fees of Rs 1,00,000/- which is below taxable limit which form should I fill?
17 May 2017
Is Rs. 1,00,000 income for an year?
17 May 2017
yes 1,00,000 is net receipts and he does not maintain any books of account
17 May 2017
and yes its for only 1 year
17 May 2017
As the person is an individual and carrying on his business in individual capacity, therefore no need to file income tax return because taxable income of such person does not exceeds taxable amount as per income tax slab. However, if still you want to file ITR, then you may file ITR 4 for business or ITR 1 by showing income as income from other sources.
17 May 2017
okay thank you
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