Itr form

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2011 pls, tell me which form is appropirate to fill for income generated thorugh Network Marketing.

CA Ashwani Agarwal

CA Ashwani Agarwal (Expert)
Follow

30 July 2011 If the income is a low amount then you can show the same as INCOME FROM OTHER SOURCES and fill ITR 2.

If the amount is very much and it contains a lot of transactions then show the same as profit from business and file return u/s 44AD and ITR 4S.