Menu
Income of commission agent is taxable under which head
If in last A.Y.income from commission is taxable under other sources then shall I file ITR3 in current A.Y.? Income is more than 2.5lacs.
Replies (3)
it will be shown as prof. income with Bs& P& L A/c in itr 3 However as ur income from Com. is up to 2.5 lakh u can show it in No Account Case Col in Bs & p& l a/c by filling all 4-5 Colums of Not u/ OS pl
sir it is more than 2.5 lacs. can we show under income from other sources?
Mr. Goyal is referring to maintenance of books of accounts in case the turnover (i.e commission income) exceeds Rs. 2.5L. Head of Income won't change based on quantum of amount.
Recent Topic
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
Related Topics
CAclubindia
