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Issue ID: 109894
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ITR FORM FOR INCOME FROM MOBILE PHONE AGENCY

Date 18 Feb 2016
Replies0 Replies
Views 703 Views
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Income tax return form selection for business income from mobile phone agency seeking guidance on appropriate ITR filing requirement.
Determination of the appropriate income tax return form for a taxpayer operating a mobile phone sales agency who reports annual business turnover and a modest profit, requesting guidance on which ITR form to file given the activity is commercial in nature and income arises from sale of mobile phones. (AI Summary)
DEAR SIRS, I HAVE AN AGENCY FOR THE SALE OF MOBILE PHONES. YEARLY TURNOVER IS RS. 20 LACS AND PROFIT IS NEARLY RS. 1 LAC. PLEASE SUGGEST WHICH ITR FORM I SHOULD USE.
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