Liable uS 44AA
This query is : Open
13 May 2021
I have stationary shop and filed 13,40,000 profit and 4,00,000 Profit us 44AD.but i also i also received commission from insurance agency rs 55,000 AND show under special business(commission/agency without books of account).and entered only financial particular.anow department defect my return and advice to file balance sheet and p&l.
now i have balance sheet and PL of stationary shop.
can i club 55,000 to profit and loss account.?
now i have balance sheet and PL of stationary shop.
can i club 55,000 to profit and loss account.?
14 May 2021
No, you can't club it.
Show it as service receipts.
Show it as service receipts.
14 May 2021
yes you can show this income in itr 3 form in p&l under the head other income (commission) and another balance sheet figures also required to be shown.
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