Return form for Commission Income and Profit%

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344 Points Joined July 2017
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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On 09 June 2019 at 09:16 Report
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SEO Sai Gr. Hosp.
210636 Points Joined July 2016

ITR3 with P&L acc. Not binding in this case as books of account maintained & non eligibility u/s. 44AD.

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On 09 June 2019 at 09:25
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344 Points Joined July 2017
sir, The assessee dont have opening balance sheet, and dont have proper records of previous year, that what best we can do
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On 09 June 2019 at 09:28
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SEO Sai Gr. Hosp.
210636 Points Joined July 2016

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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On 09 June 2019 at 09:43


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