Which ITR should be file filed by Small repair & Maintenence Service Provider

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  1. SUNNY NARANG

    SUNNY NARANG Member

    Which ITR should be file filed by Small repair & Maintenence Service Provider ???? Like Tyre pencher Service, water pump rapair services like that ??
     
  2. ZED

    ZED Well-Known Member

    Sir, what is their income?
    It can be treated as a profession because specialized knowledge and skills is required along with experience in this field.
     
  3. SUNNY NARANG

    SUNNY NARANG Member

    ZED,

    MY UNDERSTANDING IS ALSO SAME BUT IF WE TREAT THIS PROFESSION THEN IT WOULD BE TEDIOUS TASK TO MAINTAIN BOOKS OF ACCOUNTS BY TYRE PENCHER SERVICE PROVIDER OR WATER PUMP SERVICE PROVIDER. EARNING AROUND 2.2 LAC WITH RECEIPT OF 6 LAC. WHAT WOULD YOU SAY ?? WHETHER HE CAN FILE ITR 4S ??
     
  4. ZED

    ZED Well-Known Member

    Sir, From this F.Y , S.44ADA may be claimed. But ITR-4S will not be possible because for F.Y 15-16, as that's applicable in case of business and this is a profession.

    You too agree with it. We could have shown it as Income from other sources, but the appropriate head is PGBP only. No, point in citing judgements because you too agree with this.
    This case is coming under S.44AA also. Amount is small, but I wouldn't show it under Income from other sources.
     
  5. SUNNY NARANG

    SUNNY NARANG Member

    OK ZED. THANKS ALOT.
     
    ZED likes this.
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