Itr3

Under which section, builder deducted TDS?

Builder deducted under section 194H. Thank you.

That is commission income, which you cannot declare under item 6 of BS & 53 of P&L acc sheet of ITR3.

You are required to declare it under normal scheme. i.e. fill applicable details of P&L acc. & BS details.

Thank you for clarification Sir. 

Can you please suggest what to select for nature of business - 0301- general commission agents or anything else ? He used 21008-Other services n.e.c earlier, but return marked defective for not filing BS and P&L (error code 310). Does business code require a change or can he leave it as 21008 since he already filed once ?

Since this is not regular business for filer (he is salaried employee) and only one time income, in Balance Sheet can Source of Funds, Application of Funds, Cash balance be filled as zeros since there was no investment, expenses, debtors or creditors.

In P&L whether to include income under Revenue from Operations(sale of services/others revenues) or other income (2.ii - Commission income). 

Thank you again.

1. Use code 0301.

2. For BS details..... yes

3. Commission income.

Thank you for the valuable guidance.