Commission income in itr
This query is : Resolved
30 December 2021
Dear Sir,
Pls clarify the following issues....
1) An individual having salary income, also have Commission income TDs thereon deducted 194H, should I show commission income as IFOS or to file p/l and balance sheet.
2) an individual having STGL shere loss in future & option trading, his broker has given consolidated loss figure, how to show this consolidated loss, whereas ITR compulsory to fill sale & purchase date, value also.
Pls clarify.. .
Thanks
ASAP
Pls clarify the following issues....
1) An individual having salary income, also have Commission income TDs thereon deducted 194H, should I show commission income as IFOS or to file p/l and balance sheet.
2) an individual having STGL shere loss in future & option trading, his broker has given consolidated loss figure, how to show this consolidated loss, whereas ITR compulsory to fill sale & purchase date, value also.
Pls clarify.. .
Thanks
ASAP
30 December 2021
1. Depends upon quantum of commission received. If not major source of income, it can be declared u/h. IFOS.
2. You need to calculate turnover from each trades. Based on turnover, you can decide the nature of income.
2. You need to calculate turnover from each trades. Based on turnover, you can decide the nature of income.
Message likes :
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30 December 2021
Sir! Commission is in minor nature only 22000/-
Can we declared it as No account case.....
Can we declared it as No account case.....
30 December 2021
1. Better option is to declare it u/h. IFOS.
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