• 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 2 years 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 
Abhishek Dugar
CA, Mumbai
2929 Answers
123 Consultations

5.0 on 5.0

Dear Sir,

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

Please feel free to reach out to us at 
Abhishek Dugar
CA, Mumbai
2929 Answers
123 Consultations

5.0 on 5.0

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
431 Answers
56 Consultations

5.0 on 5.0

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

3.5 on 5.0

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
2104 Answers
91 Consultations

5.0 on 5.0

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

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
258 Answers
58 Consultations

5.0 on 5.0

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