Most urgent it return

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22 November 2016 Hello Sir,
My client is housewife(window) is earning Monthly about 15K-20K from home business
(work Like Selling And Making foods Products).
She has no assts.
It is compulsory to make P/L, B/s
all transation in cash

So plz suggest me which Itr to fill & is it ok with that to fill itr there is nil return.







22 November 2016 you can file ITR-4s sec 44AD Presumptive Income you can declare 8% of Gross Turnover.

22 November 2016 all income are in the from of profit
She earns money from home as making foods products all transaction in cash form



22 November 2016 under Sec 44 AD you have to declare Income Minimum 8% of Gross Turnover ,You can declare more than 8%

22 November 2016 all income are in the from of profit
She earns money from home as making foods products all transaction in cash form
In ITR(EXAMPLE)
Total Income-175000
Profit-175000

04 October 2021 For Net profit 175000/- you need to have more sales. There cannot be 100% profit in any business.



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