banner_ad

Classification/ nature of business income

This query is : Resolved 

20 May 2019 dear sir,

One of my clients, who works on depositing challan on the basis of which they pay online, at the customer's behalf and taken cash from the customer ( i.e. E- Grass payment of stamp duty challan). Later, the same cash is deposited in the bank. And in return for this work, he takes commission from the customer. But the problem is that he has made a total transaction is Rs 7.50 crore transactions in his current account.
Now which nature of business show in ITR form and how can i determine business income in ITR.

21 May 2019 Business code for ITR Other financial intermediation services n.e.c. 13018. Commission received is your turnover. Determine profit after deducting expenses from commission received.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details