sathis (accounts executive) (311 Points)
31 March 2018Dear All, Im getting salary upto 31.03.2017 and ITR filed form ITR 1, but from 01.04.2017 doing individualy repair & services of xerox machines at door step of office & companies.. which ITR have to file in fy 2017-2018. Please clarifiy and do the needful.
Thanks in Advance.
Sathis Kumar
Rahul Prajapati
(Student)
(2282 Points)
Replied 31 March 2018
IF YOUR TURNOVER DOES NOT EXCEEDS 2 CRORES (44AD) OR GROSS RECEIPT DOES NOT EXCEEDS 50 LAKHS (44ADA) DURING FY 2017-18 THAN YOU CAN OPT FOR PRESUMPTIVE INCOME AND FILE ITR-4
AS YOU SAID YOU PROVIDE REPAIR & SERVICE OF XEROX MACHINES. IT MEANS YOU FALLS UNDER SECTION 44ADA. FILE ITR-4 AND FILL DETAILS IN SEC 44ADA(TAXABLE 50% OF GROSS RECEIPT)
OTHERWISE FILE ITR-3
tripti
(ca article)
(209 Points)
Replied 31 March 2018
If your gross receipt doesn't exceeds 50lakhs, then go for ITR-4. Otherwise ITR-3
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 31 March 2018
he can not opt section 44 ADA same is for professionals so under 44AD ITR4 or ITR 3 is applicable .
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 31 March 2018
Rahul Prajapati
(Student)
(2282 Points)
Replied 31 March 2018
| Originally posted by : RAJA P M | ||
 |
Yes... I agreed to Mr Prasad Nilugal., The Repair and Maintenance under purview of Business. It's treated u/s 44ad. He can file ITR 3 or ITR 4 in AY 17-18.... |  |
OK AGREE
SORRY FOR WRONG EXPLANATION
Rahul Prajapati
(Student)
(2282 Points)
Replied 31 March 2018
FILE ITR-4 AND FILL DETAILS IN SEC 44AD (TAXABLE 6/8%) OTHERWISE FILE ITR-3
CORRECTION IN WORDINGS
MUKESH JINARA
(partner)
(20 Points)
Replied 31 March 2018
MUKESH JINARA
(partner)
(20 Points)
Replied 31 March 2018
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