Income tax filling for freelance/proprietorship business

ITR 248 views 3 replies

I am Software Engineer & work for a company. I also run a proprietorship business.

Do I need to maintain books of account?
Where can I mention the following income or expenses in ITR 4 (AY 2015-16)? I did not find any option there.
1. Internet bill
2. Apps purchases from third party for integrating to client's websites
3. Hosting and domain purchase expenses
4. Income from online advertisements
Replies (3)
Please provide further details as to turnover, nature of your business, profits/gross receipts from your business
Originally posted by : Ms. Rinkal
Please provide further details as to turnover, nature of your business, profits/gross receipts from your business

Freelance web development business.

Amount recieved from clients: 2lacs.
TDS deducted by client: 15K.
App purchased for client: 10K
Domain & Hosting: 30K

Income from online advertisements will be shown in other operating revenue.

Internet bill under other expenses. And hosting and domain purchases, apps purchases under purchases


CCI Pro

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