NATURE OF itr FORM

for the  Fin  year  23-24 - I had a brokerage income& income from deposits. Recd the Form 16 also from th ededuster- which is seen n  IT web site of my account .- brokerage shown under 194 ii . Now should I file ITR 2 ?/ IF SO  shall I show under - OTHER INCOME - MENTIO ING  BROKERAGE .

tHANK YOU FOR YOUR TIME 

 

KUMAR

Replies (6)
Quick Summary
An individual taxpayer received Form 16 showing brokerage income under section 194 II and also has interest income from deposits for FY 23-24. They are seeking guidance on whether to file ITR-2 and report brokerage under 'Other Income', or if another form is more appropriate given their income sources. The consensus suggests ITR-3 might be the correct form for this scenario.

Brokerage under which section ???

Sir , don't know . But in the Form 16   written as 194Ii. I made a deal for sale of plot for some one. . they paid 5lac as brokerage. I also got 1.5 lac as interest in fixed deposit . This is all my income . Not working any where. Age 53 yes

 

Try to know the nature of itr firm

Don't understand. This is for me . I am an individual. I got brokerage , &I have rec'd interest from deposits. That is all my income. . Recd broker commission from individual only  hope I am clear

 

As per Your query and details You file ITR 3.
Originally posted by : sabyasachi mukherjee
opening quote Try to know the nature of itr firm closing quote

@ Sabyasachi,

I don't know why you react this kind of forum and CCI.

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