Sandip Kumar Halder (Professional) (43 Points)
26 December 2021BSNL broadband service provider on behalf of bsnl. Tds deducted by bsnl while paid commission to that person u/ s 194h(commissions, brokerage). Itr 3 need to be select under no accounts maintenance or itr 4 ?
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 27 December 2021
Itr4 can't be used for commission income. ITR 3 would be appropriate.
Sonarpur Taxway Services
(5 Points)
Replied 29 December 2021
Ok in that case how can I show expenses incurred. In 44ad we have option 6/8%. Here maximum how much I can show
Sandip Kumar Halder
(Professional)
(43 Points)
Replied 29 December 2021
Thank you. I will file itr 3 under no account case as the Gross receipt is less than 250000 with profit margin 20%.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
