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ITR filing-commission income

Others 2066 views 8 replies

I am running a bank kiosk, providing financial and banking services to customers.
My bank transactions are very high up to Rs. 40 lacs during the FY 2018-19 in comparison of income which is below 2.5 lac
Please suggest where and how to show income, which ITR to file?

Replies (8)

File ITR 3 with gross commission received as your turnover.

ITR-3.

Since your turnover is below threshhold you need not get audited.

Itr 3
Go to with ITR 3...

Yes, ITR 4 not applicable in this case. Only ITR3.

Gross commission = turn over?
Is it business or profession
business
How should i show my tution income around 300000 and commission income around 175000 (TDS deducted )in ITR 3 ?? In which respective head income to be shown ?? And i don't want to upload my whole balance sheet in ITR Should i shown tution income in 44 AD and commission income in other source ?? In that I don't need to upload my balance sheet So please provide me with the solution as quickly as possible Thanking you Your sincerely Ritik chetani


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