I am a commision agent to sale various product(i.e Fixed Deposit) of different companies so which ITR should i filled and also i need to pay certain percentage of incentive some of my customer so how to fill those incentive in ITR form ?
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Itr form for commision agent.
Replies (7)
Please mention the amount of Gross receipts & Gain?
Gross Receipt 196990
Expences 118500
Gain 78490
You have to use ITR-3 only...
You can't use ITR-4 as you are not eligible for presumtive.
Don't needs to declare expenses(As like Incentive) use no account case.
So it's can be fill in 53 in NO ACCOUNT CASE
Yes you are correct...
You have anything related with B/S. Then fill the B/S...
| NO ACCOUNT CASE |
6 | In a case where regular books of account of business or profession are not maintained -furnish the following information as on 31st day of March, 2017, in respect of business or profession) | |||||||
| a | Amount of total sundry debtors | 6a | |||||||
| b | Amount of total sundry creditors | 6b | |||||||
| c | Amount of total stock-in-trade | 6c | |||||||
| d | Amount of the cash balance | 6d | |||||||
you have to use 53(ii).. for P/L
| NO ACCOUNT CASE | 53 | In a case where regular books of account of business or profession are not maintained, furnish the following information for previous year 2016-17 in respect of business or profession | |||||||
| (i) | For assessee carrying on Business | ||||||||
| a | Gross receipts | 53(i)a | |||||||
| b | Gross profit | 53(i)b | |||||||
| c | Expenses | 53(i)c | |||||||
| d | Net profit | 53(i)d | 0 | ||||||
| (ii) | For assessee carrying on Profession | ||||||||
| a | Gross receipts | 53(ii)a | |||||||
| b | Gross profit | 53(ii)b | |||||||
| c | Expenses | 53(ii)c | |||||||
| d | Net profit | 53(ii)d | 0 | ||||||
| Total (53(i)d + 53(ii)d) | 53 |
0 |
|||||||
So u mean commision agency is not mention as a business .........it's mention as a profession of 53(ii)
It's non specified profession.
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