Income shown in ITR
This query is : Resolved
Quick Summary
k.v.subrahmanyam
(Querist)
14 October 2025
Respected sirs
When client has income by selling books and income from sale of books is being shown in ITR by the consultant under income from other sources. Is it correct? And also kindly enlighten me as to the correctness of showing Income offered for assessment( without mentioning any particulars) under income from other sources in ITR.
Thanks and regards
When client has income by selling books and income from sale of books is being shown in ITR by the consultant under income from other sources. Is it correct? And also kindly enlighten me as to the correctness of showing Income offered for assessment( without mentioning any particulars) under income from other sources in ITR.
Thanks and regards
Dhirajlal Rambhia
(Expert)
14 October 2025
Whether the person is having business of selling books?
k.v.subrahmanyam
(Querist)
14 October 2025
yes sir there is business of selling books with small turnover below 20 lakhs per annum
Dhirajlal Rambhia
(Expert)
14 October 2025
In that case you have to declare the income under PGBP head, as business turnover and not under IFOS.
k.v.subrahmanyam
(Querist)
14 October 2025
thank you very much sir. so kind of you
Dhirajlal Rambhia
(Expert)
15 October 2025
You are welcome.
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