Specified Business Income Under Section 35AD

ExpressITR || Specified Business Income Under Section 35AD


Specified Business Income Under Section 35AD in Express ITR

To record "Specified Business" income under Section 35AD in Express ITR, follow these steps:

Step 1: Access the Return Flow
  1. Open the client profile in Express ITR.
  2. In the ITR Summary section, select Return Flow to start.
      

Step 2: Go to Business and Profession Head
  1. Navigate to the Business Profession Head section.
      

Step 3: Add Business Information
  1. Click on Add Business and enter the following details:
    1. Type
    2. Business Name
    3. Nature of Business
    4. Trade Name
    5. Description
      
  1. Once all details are filled, click Done or press Esc to save.
Step 4: Access Income From Specified Activity Option
  1. Click on Consolidate Sch. BP.
      
  1. Scroll down to find the Specified Activity option.
      

Step 5: Complete Annexure Details
  1. Click on Annexure and fill in all required details related to the Specified Business income.
      

By following these steps, you can accurately enter specified business income details for your client in Express ITR under Section 35AD.