Income from real east income
This query is : Resolved
T.T.VIJAYAPRAKASH
(Querist)
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
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
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.
File ITR 4 with 6%/8% minimum profit margin u/s. 44AD of IT act.
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