194 h commission or brokerage
This query is : Resolved
29 June 2013
Hi friends
One of my relative have only Commission income there is no other income & Deduction
Then which ITR form i need to fill for the AY 2013-14
Is it possible to Deduct expenditure incurred on that commission income.
Please Suggest me.
One of my relative have only Commission income there is no other income & Deduction
Then which ITR form i need to fill for the AY 2013-14
Is it possible to Deduct expenditure incurred on that commission income.
Please Suggest me.
29 June 2013
yes, please Fill ITR-4 and show as commission agent business. and mention expenditure in P&L.
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29 June 2013
One more Doubt is it Required to Maintain books of accounts compulsory ??
29 June 2013
Yes..Books of accounts need to maintained if income from agency business or commission business is more than 1,20,000 as per section 44AA.
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