Dear All,
Let Me Suggest That Which Form Of ITR Shouls Be Filled If There Has Been An Income Of Rs.2,07,500/- For Male Assesse
During F.Y 2011-12 . The Brockerage was shawn Under 26AS As Brockerage Income U/s. 194 H .
Thanxs In Advance !!!!!!!!!!
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Which forms of itr to be used for brokerage income u/s. 194
Replies (8)
Dear jignesh
It depend on nature of transaction. I mean to say , is brokerage is the business of assessee then take it in itr 4 as business income
If it is received for one time only then you can show it as other income in other income schdl in ITR 2 also.
i hope you got the point
Regards
Brokerage income is treated as income from business/profession. You need to file ITR4 for refund.
Itr 4 provided assesee is in this business...
ITR 4 ... ITS INCOME FROM BUSINESS !!!! CLAIM EXPENSES, MAKE IT BELOW 200000 & CLAIM REFUND OF TDS !!!
As per my view
ITR4
Itr 4 is ok for refund
Dear Shrimali Put the Income as Business in IT 4 form in Part PL in 51 number as gross receipt and show expenses which has net profit comes to below 2 laks. You will received Refund from Department.
Best of luck.
I think file Itr4 because brokerage income have bussiness income.
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