Online payments business income tax return


(Querist)
20 August 2019
1) IF ANY INCOME FROM ONLINE MONEY TRANSFER OR ONLINE PAYMENT BUSINESS OR CASH BACK OFFER, THEN CAN I FILE INCOME TAX RETURN IN ITR 4 ?
AND
2)CAN I SHOW THE TOTAL AMOUNT OF TRANSFER OR PAYMENT AS TURNOVER?


CA R SEETHARAMAN (Expert)


Click to Talk 20 August 2019
1 You can't file ITR 4 as it's only a commission income.
2 Show commission income as your turnover.


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