Itr form for commision agent.

ITR 199 views 7 replies

Priyanka Haldar

7 Points Joined May 2017

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 ?

Replies (7)

PRABIR PAUL

*****Accountant***** Never insult to a

1448 Points Joined January 2017

Please mention the amount of Gross receipts & Gain?

Priyanka Haldar

7 Points Joined May 2017

Gross Receipt 196990

Expences 118500

Gain 78490

PRABIR PAUL

*****Accountant***** Never insult to a

1448 Points Joined January 2017

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.

Priyanka Haldar

7 Points Joined May 2017

So it's can be fill in 53 in NO ACCOUNT CASE

PRABIR PAUL

*****Accountant***** Never insult to a

1448 Points Joined January 2017

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