I have started my own clinic and earned 55,000 this year. How much tax should I pay? Which ITR to use? Kindly guide me.
anoushka
(CA)
(25 Points)
Replied 22 July 2010
Originally posted by : Hari | ||
I have started my own clinic and earned 55,000 this year. How much tax should I pay? Which ITR to use? Kindly guide me. |
You need to file ITR-4 since it is income from business or profession. You woun't have to pay any taxes.
Reference: www.taxbharat.org