actually I mentioned commission income under the head " In a case where regular books of account of business or profession are not maintained"
and also claimed 50% as exp but after filing return I received notice for defective return asking to mention that income under proper schedule ....is there any alternative heading in schedule???
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Proper schedule to mention commission income
Replies (2)
Commission income cannot be declared under presumptive assessment. You have to maintain books accounts, and hence P&L acc & BS schedules are to be filled.
thanks for the info
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