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Income tax filing for MFD

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Kishna Ram

1 Points Posted on 01 September 2021

I'm a Mutual Fund Distributor. I'm having annual income of 5 lakh from pension and around 2 lakh from distribution brokerage. I need to understand the procedure to file income tax. Do I need to hire a professional to arrange books of account at this starting stage of business or can I maintain it myself.

Replies (2)

Quick Summary

This discussion addresses income tax filing for Mutual Fund Distributors (MFDs). The user, an MFD earning from pension and distribution brokerage, is seeking guidance on the filing procedure. They are also questioning whether to hire a professional for bookkeeping or manage it themselves at this early stage of their business.

CMA Poornima Madhava

CMA

13117 Points Posted on 01 September 2021

If you have some knowledge about filling income tax return, you may do it yourself. Otherwise, contact a tax consultant who will be able to help you in this regard.