Income tax return to be filed.
This query is : Resolved
19 July 2022
Hello Sir,
Mr X is having income from
1 . Interest on Deposit. 2.00
2. Commission from LIC. 0.25
3. Income short term gain 1.00
4. Income from Intraday 0.25
5. Income from LT Gain ( exempt)
6. Income from Zerox/ typing. 2.50
Total 6.00
My question is
1) Income from LIC commission is business income or income from other sources ...?
2) for Income from business / Zerox . and Intra day profit
. Can I show in ITR 4 ( u/s 44 AD) or ITR 3 ?
No books maintained for Zerox business.
3 ) 2 years back ITR 3 filed .
So i have to file ITR 3 or ITR 4 ?
Please guide for this and for lic commission where to be clubbed .
Thanx for reply .one my small query is while filing return WHICH BUSINESS CODE TO BE SELECTED ....
Mr X is having income from
1 . Interest on Deposit. 2.00
2. Commission from LIC. 0.25
3. Income short term gain 1.00
4. Income from Intraday 0.25
5. Income from LT Gain ( exempt)
6. Income from Zerox/ typing. 2.50
Total 6.00
My question is
1) Income from LIC commission is business income or income from other sources ...?
2) for Income from business / Zerox . and Intra day profit
. Can I show in ITR 4 ( u/s 44 AD) or ITR 3 ?
No books maintained for Zerox business.
3 ) 2 years back ITR 3 filed .
So i have to file ITR 3 or ITR 4 ?
Please guide for this and for lic commission where to be clubbed .
Thanx for reply .one my small query is while filing return WHICH BUSINESS CODE TO BE SELECTED ....
19 July 2022
1 Business income.
2 yes, file ITR 3.
3 No problem.
2 yes, file ITR 3.
3 No problem.
20 July 2022
Thanx Sir for quick reply .
One small query is while filing return which business code to be selected ?
One small query is while filing return which business code to be selected ?
20 July 2022
Use 09005 - General commission
20 July 2022
Thanx sir for reply . I would like to state that assessee has income from following
Income from Zerox business
Income from LIC comission
Intra day .
Then code for commission 09005 is proper one ? . Or some other to be selected.
Income from Zerox business
Income from LIC comission
Intra day .
Then code for commission 09005 is proper one ? . Or some other to be selected.
20 July 2022
Also add 1 more code for 21008 for xerox business which falls under Other Services.
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
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Regarding TDS Applicability For Director Remuneration
- Transporter Declaration form
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Copyright software
- FORM 26A APPLICABILITY
- Tds UNDER SECTION 195 INTEREST PAID TO NRI DIRECTOR
- Clarification on TDS Applicability
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
