U/s section 194R
This query is : Resolved
04 June 2023
Persons having income from salary (Rs.2122420/-), interest income (Rs.651230), capital gain (Rs. 30520) as well as professional income (Rs.483320/-) for the current assessment year 2023-24. As per Form 26AS, he has received a business income/receipts of Rs 8640/- u/s 194R. Where to show the said income u/s194R in ITR 3? Can be said income u/s 94R be shown in income from other sources? Your valuable direction is highly solicited. Regards, Tarak Kumar Roy, West Bengal.
04 June 2023
PLEASE SEND YOUR VALUABLE DIRECTION AS USUAL. Regards, Tarak Kumar Roy, West Bengal
04 June 2023
It should be declared under head PGBP, the amount of benefit of Rs. 86,400/- should reflect in Profit & loss account.
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