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How to show income in itr-2 ?

ITR 424 views 3 replies

Hii Friends,

One of my client is having income from Commission (194-H) totaling to Rs. 193000/- and this sum is appearing in 26-AS.

Now, at the time of filing of the return, he has instructed me to file ITR-2 for Assessment Year 2019-20 after deducting expenses related with earning of this brokerage income to the tune of Rs. 75000/-.

Now, my question is where to show this income and expenses in ITR-2 ? whether I can directly put Net Figure (i.e. 193000-75000) or Put Gross Income 193000 and show Rs. 75000/- expenses separately ?

Kindly, guide.

T & R

K P Bhanushali

Replies (3)
you should file ITR-3 because commission income is not cover under income from other sources.
agree with shweta

ITR2 form will not be applicable here. It will be ITR3.


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