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Requirement of account book for commission income u/s.194H

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(Querist)
08 November 2022 I received commission income exceeding Rs. 5.00 lac U/S.194H. Whether I am liable to maintain account books and fill Profit and loss ac and Balance sheet in ITR 3 or May I file ITR 4 ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 November 2022 Yes, you are liable to maintain account books and fill Profit and loss ac and Balance sheet in ITR 3.
You can't file ITR 4.

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