How to tax income
This query is : Resolved
naveen kumar
(Querist)
29 June 2013
sir
my father is getting income from sahara corporations, i want to file returns for the AY 2013-14, TDS is deducted 194 h under which head i have to consider it either in other sources or PGBP.
please let me know is there any presumptive income considerations or any adhoc deductions
my father is getting income from sahara corporations, i want to file returns for the AY 2013-14, TDS is deducted 194 h under which head i have to consider it either in other sources or PGBP.
please let me know is there any presumptive income considerations or any adhoc deductions
CA UMESH DULAL
(Expert)
29 June 2013
Plz specify the nature of income he is getting from sahara
naveen kumar
(Querist)
29 June 2013
nature of the income is commission
CA UMESH DULAL
(Expert)
29 June 2013
Frequency of service provided by your father should be considered while deciding whether it is business/profession.
If the frequency is high you may take it as business/profession otherwise treat as other source.
If the frequency is high you may take it as business/profession otherwise treat as other source.
Message likes :
1 times
Ganeshbabu K
(Expert)
30 June 2013
Commission is business income and can be shown as PGBP...
need to maintain books of accounts if commission received in more than 120000
need to maintain books of accounts if commission received in more than 120000
naveen kumar
(Querist)
19 July 2013
ganesh sir
thank you. sir in the previous years i am filing ITR 4 s but business income has to be filed in ITR 4 .in this year which ITR has to be filed.
thank you. sir in the previous years i am filing ITR 4 s but business income has to be filed in ITR 4 .in this year which ITR has to be filed.
naveen kumar
(Querist)
19 July 2013
ganesh sir
thank you. sir in the previous years i am filing ITR 4 s but business income has to be filed in ITR 4 .in this year which ITR has to be filed.
thank you. sir in the previous years i am filing ITR 4 s but business income has to be filed in ITR 4 .in this year which ITR has to be filed.
naveen kumar
(Querist)
19 July 2013
ganesh sir
thank you. sir in the previous years i am filing ITR 4 s but business income has to be filed in ITR 4 .in this year which ITR has to be filed.
thank you. sir in the previous years i am filing ITR 4 s but business income has to be filed in ITR 4 .in this year which ITR has to be filed.
Ganeshbabu K
(Expert)
19 July 2013
File ITR 4 ONLY
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
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- Ito add credit side of bank
- GSTR9 Annual Return
- RCM and same line
- Closer of business and itc of capital goods
- ARCA LOGIN
- Import of Capital Machine
- Upload Level ValidationITR3Category of Defect B/D
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- MSME Payment Sec.43B (h)
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
