I am doing a sole proprietorship business. And also my business is registered with GST. As per GST Act actual net sales is Rs.78 Lakhs and my bank Credit total is Rs.1.38 Crore and bank debit total is Rs.1.36 Crore in current account. Now my doubt is how to treat extra amount in ITR filing? For my small idea if I'm doing another business (for example Money transfer) Shall i declare commission income Rs.60,000 (1% of 1.38Crore minus 78 Lakhs) in ITR. Please resolve my query. Thank you for advance.
CAclubindia
