DEAR SIR
A PERSON IS SHAWL BROKER. HE MADE BROKRAGE BY SELLING THE SHAWLS OF MANUFACTURER TO TRADERS. MANUFACTURER GIVES HIM BROKRAGE. HE EARNED NEAR ABOUT 3 LAKHS IN A YEAR. I WANT TO KNOW WHICH ITR FORM SHOULD HE FILE. ITR 1-OTHER INCOME SOURCE or ITR 4 or ANY OTHER?? IS BOOKKEEPING NECESSARY FOR HIM OR NOT. PLEASE TELL WHEN BOOKKEEPING IS MANDATORY IN INDIVIDUAL BROKRAGE CASE ESPECIALLY IN THIS CASE???
CAclubindia
