Interest income for income tax

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sir
we have received interest income from finance business so which itr applicable for this income
Replies (4)
Depending upon aggregate income ,and types of expenditures you want to claim the ITR can be ITR3 (as business income). and ITR 1 under other sources of income below < 50 lakhs)

There will be huge TDS amount also.
If Gross Receipts (finance income) exceeds 1 crore then tax audit under 44AB

Can take 44AD benefit also by filing ITR4

Which ITR you filed last year ?
Sir
we have file from 18-19 financial year
You have to decide based on volume
Roughly how much interest income ?
Is it proprietory or partnership ?
To whom loans given basically ?
is it Gold loan financing ?
There are many more factors
Can mail me - pnkapadia @ gmail.com
@ R Vadivel.,

File your income tax in ITR 3 as PGPB.


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