REAL ESTATE BROKERS FALL UNDER WHICH SECTION

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engineer
1085 Points Posted on 24 January 2022

REAL ESTATE BROKERS FALL UNDER WHICH SECTION  

 

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On 24 January 2022 at 21:47 Report
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This discussion clarifies that real estate brokers are typically covered under the Profits and Gains of Business or Profession (PGBP) section for tax purposes. For brokers earning up to 6 lakhs, filing ITR 3 under normal tax assessment is recommended. It's advised to deduct business-related expenses, which may result in a nil tax liability due to available rebates.

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SEO Sai Gr. Hosp.
212556 Points Posted on 25 January 2022

PGBP    ........................                  

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On 25 January 2022 at 13:09
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engineer
1085 Points Posted on 25 January 2022

Under pgbp  what tax liability

 

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On 25 January 2022 at 21:40
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engineer
1085 Points Posted on 25 January 2022

For real estate broker with 6 lakhs income

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On 25 January 2022 at 21:48
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SEO Sai Gr. Hosp.
212556 Points Posted on 26 January 2022

File ITR 3 with normal tax assessment. Deduct business related expenses. Tax liability may be Nil with rebate.

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On 26 January 2022 at 11:03

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