Noor Ahmed Khan (126 Points)
27 April 2019I am running a bank kiosk, providing financial and banking services to customers.
My bank transactions are very high up to Rs. 40 lacs during the FY 2018-19 in comparison of income which is below 2.5 lac
Please suggest where and how to show income, which ITR to file?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 27 April 2019
File ITR 3 with gross commission received as your turnover.
CA Ankit Agarwal
(CA, CS)
(693 Points)
Replied 27 April 2019
ITR-3.
Since your turnover is below threshhold you need not get audited.
Monika Arora
(learner)
(347 Points)
Replied 28 April 2019
Yes, ITR 4 not applicable in this case. Only ITR3.
Noor Ahmed Khan
(126 Points)
Replied 28 April 2019
Ritik Chetani
(2 Points)
Replied 21 July 2019
CAclubindia
