if a person gets commission on purchase and sale of residential flats....
which itr is applicable to him?
he dont ave any other income and infact he dont buy any of the flats but he act as a broker and gets commission on purchase and sale of flats...
please reply me soon
thanking you...
The income would be chargeable under the head 'Profits & gains of Business or profession'. The nature of income is commission received by a real estate agent.
ITR 4 is applicable in case the person is individual or HUF
Yes, ITR-4 is Applicable in your case....
itr-4
the said income is to be chargeable under the head PGBP
so here ITR4 is applicable.
itr 4 will be applicable in this case
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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