Income tax return to be filed.
This query is : Resolved
Quick Summary
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.
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