Dear Friends,
One of my friend is doing Crane Services. He has received all service payments through his self bank account and his wife & father's bank account. He didn't maintain any records for Income and Expenses. Now, he want to file ITR for himself, his wife and his father. Which ITR form can we select? Also, how do we declare expenses in ITR?
5 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 29 July 2021
What is the annual income??
sabyasachi mukherjee
(27574 Points)
Replied 29 July 2021
Criteria for selecting itr.
annual income.
source of income
category of assesse.
annual income.
source of income
category of assesse.
Hari Beldona
(ACA)
(1533 Points)
Replied 29 July 2021
Wife and father are not rendering crane services in such a case transferring remuneration of crane services is not correct, wife and father cannot file ITR when they have not earned income total amount from crane services will be his income
File return of income under section 44AD declaring 8% income when books of accounts not maintained on presumptive basis
File return of income under section 44AD declaring 8% income when books of accounts not maintained on presumptive basis
Mohanraj J
(1178 Points)
Replied 29 July 2021
Annual Income 15 to 18 LPA all 3 accounts together. All are Individual, source of income from Crane and Recovery Van services. Crane Services payments are received in 2 persons bank accounts , Recovery Van payments are received in one bank account.
Please advise
Please advise
Nidhi
(Chief Accountant)
(3150 Points)
Replied 29 July 2021
File return of all persons and show income appropriately as per bank account transactions
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