SFT 003 194N TDS
This query is : Resolved
31 December 2020
one clent named : santosh collects crop from the farmers , sells the crop in the market yard or somewhere... the buyers transfers the amount to santosh account. he takes some commission and withdraw cash and give cash to farmers... but in his bank acccount cash withdrawals crossed 1.5 crores...he collects commission of Rs 632000 and 194N applied... and showing SFT 003 in 26AS..... how to file the return
CA R SEETHARAMAN
(Expert)
31 December 2020
File ITR 3 showing commission income. Reply to the notice if received as cash payments to agriculturist for farm produce.
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