For salary and mutual fund brokerage which itr to be filled?
This query is : Resolved
09 August 2018
For Income from salary and Commssion recd.from mutual fund AMC which ITR to be filled? ITR3 or ITR4? Is it mandatory to prepare balance sheet and P&L and what is the code of mutual fund commission income? As the mutual fund sub broker is freelancing services and have no proper office so how to claim exps. made regarding the business as no bills were saved. How to prepare balance sheet for the same and some payments are made online for such exps. but bills are not maintained, can it be claimed? and tuition fee of dependent son can be claimed in 80C? Please reply its urgent.
10 August 2018
File ITR 3 with "No Books of Accounts - Case".
Yes... You can claim chapter VI-A and 80C.
Nikhil Kaushik
(Expert)
11 August 2018
for brokerage case you cannot file "no books of accounts" case without knowing whether turnover exceeds 44AA limits or not!
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