Commission Income_ITR 3

This query is : Resolved

Dipen (Querist)
Follow

18 July 2024 Dear Experts,

For Commission Income ITR 3 is to be filled. Now in this case do we need to fill entire balance sheet and profit and loss if Gross Receipt is 4,40,000 /- (approx) and net profit after expenses is 2,35,000/- (approx)?

If books of accounts are not to be maitained can we fill only limited figures under books not to be maintained for balance sheet and P&L?

Please advice

Regards,

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

18 July 2024 Is this your only income under PGBP? or any other business activity?

Dipen

Dipen (Querist)
Follow

18 July 2024 This is the only income under PGBP.

Capital gains and other sources exist

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

18 July 2024 Check the same for earlier three years, if income under PGBP not exceeded BSL, then you can declare the income under 'No books of account maintained.'

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Mohammad Abdu Fayaz

Sidhartha sankar pillai

Anoop KK

Srikanthan S

Santosh Behera

Subscribe Now

Commission Income_ITR 3

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

CA Final

GST CONSULTANCY

Accountant

Senior Executive

GST CONSULTANT