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Which itr form

06 October 2020

assessee have professional income of 3 lakh in bank statement which is casual in nature. so, now can i file itr1 by showing it commission income in other sources?

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6 Replies

ayusmita (Tax consultant) (5885 Points)
Replied 06 October 2020

If there is commission then the person fill ITR3
and if he has only income from proffestional no commission then ITR 4
OTHER SOURCE IS WRONG

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rahul (a) (1620 Points)
Replied 06 October 2020

ITR 3

Vikas Mahajan (157 Points)
Replied 06 October 2020

So, in gross reciepts i have to show same amount as of profit amount?

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 06 October 2020

What is your business i.e Sources of income

Vikas Mahajan (157 Points)
Replied 07 October 2020

It's professional fees for freelancing services to travelling company. but tds is not deducted.

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Amit Khare (204 Points)
Replied 08 October 2020

What I understand that you have total receipts in your bank account aggregating to 3 lakhs. if that is correct you can go for 44ada and declare your income above 50 percent in itr4.