JigneshKumar Shrimali (Article Assistant) (54 Points)
20 March 2014Dear All,
Let Me Suggest That Which Form Of ITR Shouls Be Filled If There Has Been An Income Of Rs.2,07,500/- For Male Assesse
During F.Y 2011-12 . The Brockerage was shawn Under 26AS As Brockerage Income U/s. 194 H .
Thanxs In Advance !!!!!!!!!!
Manoj Mehta
(Head Of Department (Accounts & Finance))
(1479 Points)
Replied 20 March 2014
Dear jignesh
It depend on nature of transaction. I mean to say , is brokerage is the business of assessee then take it in itr 4 as business income
If it is received for one time only then you can show it as other income in other income schdl in ITR 2 also.
i hope you got the point
Regards
Yash Somani
(Article Assistant)
(106 Points)
Replied 20 March 2014
CA PANKAJ
(business consultant)
(288 Points)
Replied 20 March 2014
Girish C Gaikwad
(Chartered Accountant)
(55 Points)
Replied 20 March 2014
ITR 4 ... ITS INCOME FROM BUSINESS !!!! CLAIM EXPENSES, MAKE IT BELOW 200000 & CLAIM REFUND OF TDS !!!
maharaj
(accountant)
(165 Points)
Replied 20 March 2014
Dear Shrimali Put the Income as Business in IT 4 form in Part PL in 51 number as gross receipt and show expenses which has net profit comes to below 2 laks. You will received Refund from Department.
Best of luck.
Ramanuj
(Accountant.)
(834 Points)
Replied 24 March 2014
I think file Itr4 because brokerage income have bussiness income.
CAclubindia
