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Hi @oshan If we file commission agent as business, we need to show profit atleast 6% or 8% according to overall transaction, What if our commission is less than that?

Sure, Will reach out to him from next time. But still Can you tell me how do we mention this income? As another CA told me not to do transaction as such because total spends on card will be considered as income instead of just of profits. That sounded strange to me as well.

Hi @anirbanm, Is mentioning total commission profit as Other Income in ITR 3 okay or need to mention it someway else as we aren't able to mention total spends in this way. Sorry for asking like this but I am new to this, and don't wanted to mess things up

Hi @viralsanghavi32, How do we mention the same income in ITR? Obviously those payments of Credit cards definitely will be going to show up in 26AS, then how should be mention those profits and total expenditure via credit card in ITR? It highly probable that later we need to explain ITD about...