Presumptive income scheme on commission
This query is : Resolved
29 July 2017
If an Individual is earning commission on banking services he provides as he is a business correspondent of bank of india .He makes transaction to and from bank customers in which all amounts redirects from his own overdraft account and counts to his transaction turnover and his income commission is only 20000-30000 on that turnover per month and total transaction turnover is around 3500000 per month. Then what should be filled in ITR 4S gross reciepts column because he wants to opt for presumptive taxation scheme.
29 July 2017
Presumptive taxation not applicable on commission income.
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
- Input tax credit on modular office kitchen
- GST Payable Entry
- Regarding TDS..
- Bill from and ship from
- Reporting Missed Sale in GSTR-3B
- Salary return 24Q Q-4 F.Y.2024-2025 A.Y.2025-2026
- Amazon.com Tax Report
- HOW TO PAY GST --CALCULATION OF FORMULA....IF ANY
- TDS u/s 194-IA on the Home Loan Disbursement Amount
- Clarification on Notification No. 40/2017-Central Tax (Rate)
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
