194 h commission or brokerage
This query is : Resolved
29 June 2013
Hi friends
One of my relative have only Commission income there is no other income & Deduction
Then which ITR form i need to fill for the AY 2013-14
Is it possible to Deduct expenditure incurred on that commission income.
Please Suggest me.
One of my relative have only Commission income there is no other income & Deduction
Then which ITR form i need to fill for the AY 2013-14
Is it possible to Deduct expenditure incurred on that commission income.
Please Suggest me.
29 June 2013
yes, please Fill ITR-4 and show as commission agent business. and mention expenditure in P&L.
Message likes :
1 times
29 June 2013
One more Doubt is it Required to Maintain books of accounts compulsory ??
29 June 2013
Yes..Books of accounts need to maintained if income from agency business or commission business is more than 1,20,000 as per section 44AA.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding appeal to GSTAT
- Value of property in capital gain
- Copyright software
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- Transporter Declaration form
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
