becker
CIBIL
coaching

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

ITR filing


Fayaz (Accountant)     29 October 2020

Fayaz
Accountant 
 1 likes  45 points

| My Other Post

I have friend who has done the money transfer business for fy18-19 now he has received the IT dept notice to file the ITR for fy 18-19 and 19-20. my query is how to account this transactions as the money received are to be paid to beneficiaries? if we show this as business income do we need to prepare the p&l&BS for same?

sabyasachi mukherjee

sabyasachi mukherjee   05 November 2020

sabyasachi mukherjee

 185 likes  4741 points

View Profile | My Other Post

What do you mean by money transfer ?

Fayaz

Fayaz (Accountant)     05 November 2020

Fayaz
Accountant 
 1 likes  45 points

View Profile | My Other Post

Say example he receive money from labourer to send that money to their home towns. he charges commission for every 1000 to 10 RS.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Bajaj Finserv

Related Threads


Loading


Trending Tags