Treatment of commission income through recharges etc.
This query is : Resolved
08 July 2017
Hello Sir.
My Client has a shop. He is doing mobile recharges and SIM activation. For this He gets commission on which TDS u/s 194H gets deducted. Now to claim refund of that TDS Which income tax return form should be filed ITR1 OR ITR3. Please suggest. the Purpose of filing return is to get refund only.
My Client has a shop. He is doing mobile recharges and SIM activation. For this He gets commission on which TDS u/s 194H gets deducted. Now to claim refund of that TDS Which income tax return form should be filed ITR1 OR ITR3. Please suggest. the Purpose of filing return is to get refund only.
09 July 2017
please file ITR - 3..............
17 June 2018
What about filing ITR 4
17 June 2018
commission income is not covered under 44AD/44ADA
17 June 2018
yes you are right, thank ;you
i will come back again if i find any issue
Thank You So Much!!
i will come back again if i find any issue
Thank You So Much!!
18 June 2018
you are most welcome.....
18 June 2018
am i required to maintain books if i follow above process. Income does not exceed maximum amount not chargeable to tax
18 June 2018
only if you are required under 44AA. otherwise no.
18 June 2018
If if follow above process Sec44AD(4) shall apply on me. which says if i opt out from sec 44AD then i can not opt for next 5 assessment years and if my income exceed maximum amount not chargeable to tax then i am required to maintain books of accounts. Is my interpretation correct?
18 June 2018
you are not covered under 44AD. we already discussed that. didn't we?
18 June 2018
DEAR SIR
AS PER LAW I AM NOT COVERED. BUT AS PER PRACTICE I HAVE BEEN FILING ITR for preceding Financial years under Sec 44AD only. Now if in this financial year i will file ITR 3 that means i am moving to Normal Taxation hence 44AD(4) shall apply on me
AS PER LAW I AM NOT COVERED. BUT AS PER PRACTICE I HAVE BEEN FILING ITR for preceding Financial years under Sec 44AD only. Now if in this financial year i will file ITR 3 that means i am moving to Normal Taxation hence 44AD(4) shall apply on me
18 June 2018
dear Tarun, I am sorry. I only understand the law.
18 June 2018
No Problem, Alright Thank You so much!
23 June 2018
Hello Sir
Assessee owns a building in which ground floor is used by him for his business and first floor is given on rent for residential purpose, what would be the treatment of rent received?
Thanks
Warm Regards
Assessee owns a building in which ground floor is used by him for his business and first floor is given on rent for residential purpose, what would be the treatment of rent received?
Thanks
Warm Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Inventory of finished goods
- TDR receipts for agreement holder
- Company Incorporation - CA and directors signing from different states
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Filing of Form 10BB instead of Filing Form 10B
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
