Surajit Mondal (94 Points)
20 May 2019
Prakash Pant
(owner)
(312 Points)
Replied 20 May 2019
Income under head Profits & Gains from Business & Profession, in ITR 3
But if the amount is in small amount, it can be declared under IFOS, of ITR 1 or ITR2.
Chhalani and Associates
(CA - www.cachhalani.com)
(142 Points)
Replied 20 May 2019
If he has income from some other source also like salary / capital gain etc, show it as Income from Other sources..
CA SRI HARSHA HARIDAS
(21 Points)
Replied 20 May 2019
Prakash Pant
(owner)
(312 Points)
Replied 20 May 2019
| Originally posted by : Surajit Mondal | ||
| he got commission 24000 and tds deducted 2400 | ||
As such he can file ITR1. while declaring the income u/h. IFOS.
But there is likelihood of inquiry from CPC, for the said income. At that time he may need to clarify about it.
Avtar Singh
(363 Points)
Replied 20 May 2019
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
