FAIR PRICE SHOP


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This discussion clarifies how to file an income tax return for a Fair Price Shop. It advises that returns should be based on commission income rather than purchase and sales of goods. Consequently, individuals operating a Fair Price Shop must file using ITR 3.

21 August 2022 How to File return of income of Fair Price shop ?
Purchase and sales of goods or only commission income ?

22 August 2022 File ITR based on commission income.

22 August 2022 Can i file ITR 2 or have to file ITR 3

22 August 2022 You have to file ITR 3.

29 August 2022 Thanks a lot sir For Reply


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