ITR for vehicle dealing income

R.vadivel (Accountant) (143 Points)

06 June 2019

sir,
my Clint income received from vechile dealing so which ITR to use and which head show in ITR

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Ritesh Asare (Practice) (322 Points)
Replied 06 June 2019

File ITR 3 with PGBP income.

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CA. Umesh kumar (ca.umesh11@gmail.com) (1465 Points)
Replied 06 June 2019

if 10 or less vehicle then file ITR 4 and declare income under presumptive basis. if more than 10 then file ITR 3

R.vadivel (Accountant) (143 Points)
Replied 06 June 2019

sir,
we have not own vechile but only income received from commission for vechile dealing

CA. Umesh kumar (ca.umesh11@gmail.com) (1465 Points)
Replied 06 June 2019

ITR 3 file, if commission earned, and claim expesnes

R.vadivel (Accountant) (143 Points)
Replied 06 June 2019

sir,
will come tax audit for this transaction

CA. Umesh kumar (ca.umesh11@gmail.com) (1465 Points)
Replied 06 June 2019

if turnover above 1 crore, if no then no tax audit

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