If an individual is having income from brokerage (as main and only income) more than 4 lakhs annually and TDS u/s 194H is also being deducted . so what is the treatment of brokerage income and also which ITR is to be filed for A.Y 2017-18.
5 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177874 Points)
Replied 14 June 2017
Show under PGBP & file ITR 3.
deepanshu
(job)
(43 Points)
Replied 14 June 2017
so P&l and balancesheet is also required to show it under PGBP / or filling ITR 3?
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 14 June 2017
Yes P/L, Balance Sheet must be declare because your income is exceed Rs. 1,20,000/- as per section 44AA...
Anil Talukder
(86 Points)
Replied 14 June 2017
You may also file ITR 4 and declare your income at 8% or 6% to get rid of maintaining books
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 15 June 2017
commission, broker, agent not eligible for presumptive...
Recent Topics
- Rectification to decrease income in SCHEDULE OS
- Can Statutory Auditor of a subsidiary become concu
- Client Asking for the Revised Invoice
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
Related Threads
CAclubindia
