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Querist : Anonymous

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Querist : Anonymous (Querist)
28 June 2014 Hellooo
Im swetha(Accounts& Finance Exicutive)

My uncle is doing biz ,now we need do file ITR.the biz is agliculture based and he getting only commission from buyer p.a-more than 60,00,000/- so now how to show the purchase and sale? how to caluclate the ITR..


Kindly suggest me for filing ITR
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
28 June 2014 in commission income, total commission received is the sale...the sale and purchase done on behalf of someone else are not recorded as your own income.

you need to use ITR3.
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Rupesh Jain

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Rupesh Jain (Expert)
30 June 2014 your uncle income is commission income you can fill ITR-4/ITR-3.
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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2014 Thanks you all.

and we need to show the purchase and sale on this part? how to caluclate the ITR-3

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