Notice received by CSP outlet opened in rural area which has a agrement with SBI for deposit and withdrawl and opening of accont ?
In f/y 17-18 , return not filed with CSP point , total cash withdrawl as per notice received in 3 cr, total commission received 230000 on which tds is also deducted ?
how to reply notice ? my doubt is how to give reply for cash withdrawal ? which itr we will file ? cash deposit or withdrawl is my turnover ? or only commission received is my income ?
File ITR for the commission received of 2,30,000/- in reply to the notice. Total cash transacted on behalf of bank is not your turnover. Taxable Income can be derived after deducting expenses incurred to earn the commission.
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