Classification/ nature of business income

This query is : Resolved

narayan jat (Querist)
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20 May 2019 dear sir,

One of my clients, who works on depositing challan on the basis of which they pay online, at the customer's behalf and taken cash from the customer ( i.e. E- Grass payment of stamp duty challan). Later, the same cash is deposited in the bank. And in return for this work, he takes commission from the customer. But the problem is that he has made a total transaction is Rs 7.50 crore transactions in his current account.
Now which nature of business show in ITR form and how can i determine business income in ITR.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 May 2019 Business code for ITR Other financial intermediation services n.e.c. 13018. Commission received is your turnover. Determine profit after deducting expenses from commission received.