ITR
This query is : Open
14 June 2017
Mr. x is receiving commission (for growing broiler chickens under his owned shed) from a company engaged in poultry farming.
plz suggest which ITR should he file ?
14 June 2017
please file ITR-3...........
14 June 2017
You should file ITR-3 showing commission as bus & prof income.Also fill B/S & P&L to avoid notice u/s 139(3)
Message likes :
5 times
14 June 2017
whether BS and PL is to be filled will depend on the turnover. Also the notice is issued under 139(9) and not under 139(3).
Message likes :
1 times
15 June 2017
It is not depend on turnover, you have to fill always.
Its 139(9)
Message likes :
4 times
15 June 2017
Dear Rashmi, please read 44AA(1) and 44AA(2).
15 June 2017
This sections are for maintaining books but even if you are not maintaining books you have to fill figures in B/S & P&L.
Message likes :
3 times
15 June 2017
well. Can't agree unfortunately. would love to know under which section, rule, case law, you can prepare BS and PL without maintaining books! don't know how that works :)
Message likes :
1 times
15 June 2017
It means only balances of cash,debtors, creditors & stock to be given in B/S & fill gross turnover & profit details in P&L.
15 June 2017
There is an option to fill details if books are not maintained.
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
- TDS 194-T applicability
- Tds on commission charges
- GST ITC REVERSE
- Fixe term employment
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- TDS on TRUST
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Section 50-fixed asset-->building ceases to exist
- Regarding Applicability of Tax Audit u/s 44AB
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
