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Income from chiti business

e.mohan goud (Paid Asistant) (141 Points)

11 February 2017

hai, Assessee has a Income from profession (Lawyer) and also income from CHITI Business all Chitit amount is received through Bank. My Query is How he can show the income of Chiti business

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2 Replies

manoj (student) (5205 Points)
Replied 11 February 2017

income from other sources

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e.mohan goud (Paid Asistant) (141 Points)
Replied 11 February 2017

Thank you Mr. Manoj, if it is shown under the head of income from other sources we can shown only the commission income but not the TOTAL Bank transactions amount. in future if the IT Department raises a question regarding this transactions we are unable to make it clear ( he is not mantaining books of accounts). so, is it possible to disclose these transactions in the ITR