Need guidance on income tax

398 views 18 replies
thank you

Most probably you are doing sales on commision business. 

 

Dear Maria,
as u r doin sales on commission basis, also as described by u , minimum 10k p.m. u earn, thus it shud be treated as business receipt and therefore if gross commission in financial year exceeds Rs.120000 then u ll have to file ur ITR 3 with tax on it if payable + profit & loss a/c balance sheet also
or else if less than 120000 then u can file under no account case
also if the total receipts are just less like 40k or 50k then u can show it under income from other sources and file accordingly.
if problem occurs do let me know😊
thank you

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details