Income from real east income

This query is : Resolved

T.T.VIJAYAPRAKASH

T.T.VIJAYAPRAKASH (Querist)
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25 October 2021 sir,

Mr.A EARN FROM REAL EAST INCOME FOR THE ASST-YEAR 2021-22 NET GROSS RS.23.00 laks. Net income rs.7,80,000/- .he is nor proper accounts books. some times is get income from power holder form some of property seller.
my quersies is
This income is business income or proportional income ?
HE DECLARE INCOME IS 8% ARE 50%
APPLICABLE FORM NO. 3 ARE FORM 4
THE IS NOT COMMISSION

THANK

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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25 October 2021 If not commission income; it can be treated as business income
File ITR 4 with 6%/8% minimum profit margin u/s. 44AD of IT act.

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