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?
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ITR filing-commission income
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
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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