13 September 2013
TOTAL INCOME DURING THE YEAR FROM BROKERAGE COMMISION RS. 340000+20000=360000.00 LESS TDS AMOUNT = 34000.00 ACTUAL INCOME = 3,26,000.00 QUESTION:- 1.HOW TO FILE THIS INCOME THROUGH ITR 4S ? 2.BL & PL ARE REQUIRED FOR THIS ? 3.OTHERS BANK TRANSACTION LIKE CASH DEPOSIT/WITHDRAWN,PAYMENT TO OTHERS FOR PERSONAL USE ARE REFLECTED IN BL & PL ? 4.HOW CAN I REFUND MY TDS AMOUNT ?
13 September 2013
As per finance act 2012 it ammended sec 44AD and income from brokergae is not elgible for using sec 44AD and hence you cannot file ITR-4S.
u need to file itr-4 it contains all such details.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
13 September 2013
HOW TO SHOW BANK A/C TRANSACTION FOR PERSONAL USE N BUSINESS INCOME
13 September 2013
you need to prepare profit and loss a/c and bal sheet and fill up in itr-4. all bank transaction n income will be reflected in it and if your gross income is more 1,20,000 then u need to maintain books of a/c as per sec 44AA.