Hello All Friends, please suggest which Return Form to File for Commission & Brokerage Income, TDS deducted u/s 194H.
please also advice How much profit%to show if assessee does want to do audit as his Total Gross Receipt during the year is Rs. 10 Lakh
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Return form for Commission Income and Profit%
Replies (3)
ITR3 with P&L acc. Not binding in this case as books of account maintained & non eligibility u/s. 44AD.
sir, The assessee dont have opening balance sheet, and dont have proper records of previous year, that what best we can do
Will have to make some tentative figures, but because of TDS u/s. 194H, CPC won't accept presumptive assessment. (Barred u/s. 44AD)
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