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ITR filing
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?
Replies (2)
What do you mean by money transfer ?
Say example he receive money from labourer to send that money to their home towns. he charges commission for every 1000 to 10 RS.
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