ITR
This query is : Resolved
bharat golani
(Querist)
27 March 2017
which itr should i file for newspaper agency business ???
CA Shubhanshu Jain
(Expert)
27 March 2017
For assessees having business income is required to file ITR-4 and since you have Agency Business so ITR-4 is applicable.
bharat golani
(Querist)
27 March 2017
Thank you sir for valuable reply but sir i want to know that my friend having income from newspaper agency business and his yearly Commission is aggregate to between 2.20 lakhs to 2.50 lakhs
bharat golani
(Querist)
27 March 2017
he does not maintain books of accounts because his business is run only on cash basis. So could you please suggest me how i file ITR4 in this situation.
Dhirajlal Rambhia
(Expert)
24 October 2021
Take the total commission as receipt, while deduct some expenses related to the business like salary paid conveyance etc. & file ITR
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