ITR form for banking correspondent

jacinthamary (accountant) (874 Points)

14 October 2020

What ITR form should be used for a person running aadhaar enabled ATM and banking correspondent (BC)?

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ayusmita (Tax consultant) (5885 Points)
Replied 15 October 2020

Does he get any commission or brokerage being third party if not then itr 4 or else itr 3

jacinthamary (accountant) (874 Points)
Replied 15 October 2020

Commission is paid by the bank, so ITR 3. Is it right?

ayusmita (Tax consultant) (5885 Points)
Replied 15 October 2020

Yes itr 3 you have to file

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jacinthamary (accountant) (874 Points)
Replied 15 October 2020

Thank you

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