Commission Income_ITR 3
This query is : Resolved
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,
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,
18 July 2024
Is this your only income under PGBP? or any other business activity?
18 July 2024
This is the only income under PGBP.
Capital gains and other sources exist
Capital gains and other sources exist
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.'
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