If an individual is having income from brokerage (as main and only income) more than 4 lakhs annually and TDS u/s 194H is also being deducted . so what is the treatment of brokerage income and also which ITR is to be filed for A.Y 2017-18.
deepanshu (job) (43 Points)
14 June 2017If an individual is having income from brokerage (as main and only income) more than 4 lakhs annually and TDS u/s 194H is also being deducted . so what is the treatment of brokerage income and also which ITR is to be filed for A.Y 2017-18.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161021 Points)
Replied 14 June 2017
Show under PGBP & file ITR 3.
deepanshu
(job)
(43 Points)
Replied 14 June 2017
so P&l and balancesheet is also required to show it under PGBP / or filling ITR 3?
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 14 June 2017
Yes P/L, Balance Sheet must be declare because your income is exceed Rs. 1,20,000/- as per section 44AA...
Anil Talukder
(86 Points)
Replied 14 June 2017
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 15 June 2017
CAclubindia
