Income tax return

dear sir/maam
i am earining appox income rs  275000 ( from commission . retailing , & from tuition ) but i have no any proof of such income but i want to file my itr so please advise me how i show my income & which form should i use so that in future i will not face any query from tax department
Asked 4 months ago in Income Tax from kashipur, Uttarakhand
Dear Sir,

You can use ITR 1. We can help you in filing your ITR.

Please feel free to reach out to us at caabhishekdugar@gmail.com
Abhishek Dugar
CA, Mumbai
773 Answers
5.0 on 5.0
  Talk to Abhishek Dugar
Dear Sir,

You can use ITR 1. We can help you in filing your ITR.

Please feel free to reach out to us at caabhishekdugar@gmail.com
Abhishek Dugar
CA, Mumbai
773 Answers
5.0 on 5.0
  Talk to Abhishek Dugar
Hi,
Your income will fall under income from business or profession.
You need to file ITR 4.
You can also claim expenses incurred to earn the income.
Vishakha Agarwal
CA, Bangalore
213 Answers
5.0 on 5.0
  Talk to Vishakha Agarwal
Yes, You can file ITR 4 for showing your income and for the proof of income your bank statement and TDS certificate (if issued) in future to tax department if required.
Kumar Akash Singh
CA, Patna
4 Answers
Not rated
  Talk to Kumar Akash Singh
Hello Sir,

You can file either ITR -1, 2 or 4. In your case you mentioned retailing - do you have the purchase sale bills ? If yes then you can file ITR - 4 or else prefer 1 or 2.

Income can be shown as earned in Cash so should not be a problem with IT Department as you yourself are declaring it.

Trust this clarifies your query. 

Feel free to call back/ get back in case of further clarifications. 

Thanking You. 

Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP. 
Rohit R Sharma
CA, Mumbai
719 Answers
5.0 on 5.0
  Talk to Rohit R Sharma
Sir, 
If the Source of income is Commission Income and Tution Income You can declare the same under the head "Income from Other Sources" and can use ITR -2 for filing your tax returns.

In case if you derive income from retail business and if you wish to show more than 8% of your gross receipts as your income from retail business than you can file your return in ITR 4S.

in ITR 4S you can also declare income from other sources.

Regards.,
CA Aashish Joshi
Aashish Joshi
CA, Hyderabad
5 Answers
5.0 on 5.0
  Talk to Aashish Joshi
Dear sir,
In your case ITR-4S is preferable if you want to show 8% or more income of gross receipts .
In ITR 4S you can also declare income from other sources. 

You can file ITR-2 also if source of income is from other source (Not from Business or profession).
Shiv Kumar Agarwal
CA, Delhi
197 Answers
5.0 on 5.0
  Talk to Shiv Kumar Agarwal

Ask a Question

Get tax advice from top-rated chartered accountants. It's quick, easy, and anonymous!
Ask a question

Other Questions

Chartered Accountants

Abhishek Dugar
CA, Mumbai
773 Answers
5.0 on 5.0
Shyam Sunder Modani
CA, Hyderabad
955 Answers
4.9 on 5.0
Rohit R Sharma
CA, Mumbai
719 Answers
5.0 on 5.0
Vishakha Agarwal
CA, Bangalore
213 Answers
5.0 on 5.0
Shiv Kumar Agarwal
CA, Delhi
197 Answers
5.0 on 5.0
Lalit Bansal
CA, New Delhi
76 Answers
5.0 on 5.0
Vishrut Rajesh Shah
CA, Ahmedabad
194 Answers
4.9 on 5.0
B Vijaya Kumar
CA, Hyderabad
290 Answers
5.0 on 5.0
Ria Nagpal
CA, Ahmedabad
28 Answers
5.0 on 5.0
Bhagyashree Kankaria
CA, Pune
26 Answers
5.0 on 5.0