Income tax filling for 2019-20

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This query is : Resolved

SHILPA (Querist)

26 August 2019 Dear Sir ,I am running Bank of Baroda Customer point and recharges business. My total commission from bank & recharges business was 258000 and net profit was 220000.I am filling ITR-3 , whether I have to use "NO Account case "for filling ITR or any other section i have to use . Pls guide me. Also Pls guide me whether it is mandatory to take GST registration for such business.

When to use NO Account case and other section. Pls guide.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

26 August 2019 GST registration not required. You can't use no account case. Fill p and l and BS in return.

Message likes : 1 times

SHILPA

SHILPA (Querist)

26 August 2019 Dear Sir ,
Thanks a lot , In P & L whether I have to use 61 ) Section 44AD or 62) 44ADA

or just Commission and expenses to be filled.

Also , Pls guide me whether I am liable to maintain account as per section 44AA , Liable for audit as per section 44AB and liable for audit under section 92E.

Thanks & rgeards
Shilpa

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

26 August 2019 Just Commission and expenses to be filled. Yes 44AA applicable tax audit not applicable.

SHILPA

SHILPA (Querist)

26 August 2019 thank you very much sir

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