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ITR sugam instead of ITR 3
assume an assessee having agency income subject to TDs, used file ITR 3. But last fin year his agency income has fallen below, say, below 5 lakhs. can he choose ITR sugam instead of waiting for ITR3 to be released. He don't want to claim any expenses nor depreciation. He wanna file ITR to get refund early. can he go with ITR sugam? plz opine
Replies (4)
Quick Summary
Assessee having Income from an agency business or income in the nature of commission or brokerage can not file ITR SUGAM, whether your income from that agency business is more or less.
You are compulsory required to file ITR 3,
As due date for filing return for A.Y 2020-21 extended to 30th November, 2020 you have to wait for ITR 3 to release.
You are compulsory required to file ITR 3,
As due date for filing return for A.Y 2020-21 extended to 30th November, 2020 you have to wait for ITR 3 to release.
As assessee income is agency Income which is not allowed Under sec 44AD , Soo assessee cannot file ITR 4, he have to wait for ITR 3
Sagar sir agency business ka mtlab (means) kya hai... kya aap isko define kar skte hai jisse ki mera concept clear ho jaye
regarda
regarda
As per provision of act, Persons earning income in the nature of commission or brokerage income; or a person carrying on any agency business...can not file ITR 4
Here , Agency business means business, firm, or organization that provides a specific service or goods. Often, but not always, agencies work on behalf of another group, business, or person.
it's means who carries on the business of supply or receipt of goods or services or both on
behalf of another.
Here , Agency business means business, firm, or organization that provides a specific service or goods. Often, but not always, agencies work on behalf of another group, business, or person.
it's means who carries on the business of supply or receipt of goods or services or both on
behalf of another.
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