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.
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Consolidated financials
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- TDS on TRUST
- Reprocessing of rectification order AY 2025-26
- Regarding Applicability of Tax Audit u/s 44AB
- Putting a heading on received mail
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
