Requirement of account book for commission income u/s.194H
This query is : Resolved
Mahabir Prasad Agarwal
(Querist)
08 November 2022
I received commission income exceeding Rs. 5.00 lac U/S.194H. Whether I am liable to maintain account books and fill Profit and loss ac and Balance sheet in ITR 3 or May I file ITR 4 ?
CA R SEETHARAMAN
(Expert)
08 November 2022
Yes, you are liable to maintain account books and fill Profit and loss ac and Balance sheet in ITR 3.
You can't file ITR 4.
You can't file ITR 4.
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