ITR form for banking correspondent

jacinthamary (accountant) (886 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) (886 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) (886 Points)
Replied 15 October 2020

Thank you

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