Miniscule brokerage & commission income
This query is : Resolved
13 March 2025
Sir,
I've miniscule amount(Rs. 3750/) of brokerage and commission earned from a P2P lending platform and STCG from stocks in FY 24-25. Can I file ITR 2 and show this 3750/ in other income instead of ITR 3 for AY 25-26 to avoid complications of making balance sheet and books of accounts ? Can CBDT send me defective return notice for so much less amount ?
Thank you
I've miniscule amount(Rs. 3750/) of brokerage and commission earned from a P2P lending platform and STCG from stocks in FY 24-25. Can I file ITR 2 and show this 3750/ in other income instead of ITR 3 for AY 25-26 to avoid complications of making balance sheet and books of accounts ? Can CBDT send me defective return notice for so much less amount ?
Thank you
13 March 2025
Yes you can.... No chance of any query if no TDS deducted on the income.
14 March 2025
But tds of 5% in section 194H has been deducted amounting to Rs 187/ but gross income well below exemption limit sir
14 March 2025
Being smaller amount, you can declare it under other income and file ITR2.
14 March 2025
Thanks a lot sir for your support
14 March 2025
You are welcome.
04 October 2025
Good luck...
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