I recieve amounts through e- mode and withdraw the same and make payment in cash after deducting commision.
1) Is there any limit for savings a/c........?
2) Will all reciepts be considered as Turnover for for IT return?
3) Where shall I show the Commision Income?
1. Yes, each bank have their own restrictions of number of transactions for charges. Check it with your bank.
Secondly, bank has to report to ITD (SFT 002), when the aggregate deposits exceed Rs. 10 lakhs.
2. Yes, unless you can justify otherwise.
3. You need to file ITR 3 for the commission income.
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