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Which itr form

228 views 6 replies

Vikas Mahajan

157 Points Joined February 2018

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?

Replies (6)

ayusmita

Tax consultant

5895 Points Joined September 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

rahul

1620 Points Joined November 2010

ITR 3

Vikas Mahajan

157 Points Joined February 2018

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

Sagar Patel

Tax and Business Consultant

11616 Points Joined July 2015

What is your business i.e Sources of income

Vikas Mahajan

157 Points Joined February 2018

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

Amit Khare

204 Points Joined 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.