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!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
