Income ta filing
This query is : Resolved
14 December 2021
My husband had one tailor shop , he is a tailor , for loan bank manager ask him to fill it returns so what my question was under which itr should he need to fill and tailor is an business or profession ? What are all we need to do for filing itr 4 if in case ...
14 December 2021
Tailoring is a profession ITR 4 can't be filed, file ITR 3.
15 December 2021
income can filed under section 44ADA, you can file ITR 4 if you have profits more than 50% of your gross receipt
15 December 2021
Tailoring work will not cover under 44ADA so either go for 44AD or choose ITR 3.
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