sir
we have received interest income from finance business so which itr applicable for this income
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Interest income for income tax
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 ?
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
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
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.
File your income tax in ITR 3 as PGPB.
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