lottery ticket seller income


dear sir /madam
here i m filling the return of lottery ticket seller . but i am confused under which code his income fall under nature of business in itr 4 a.y 2017-18. whether the income of commssion received by seller of lottery ticket is a business income or service income .
whether it should be shown trading (other) aor service( other) in itr 4  presummtive basis pls clerify me in this regard under which code this commssion income of lottery agent should describle unde nature of business heading in itr 4.a.y 2017 -18

Add Comment
1 Answer(s)
Best answer

Its a Service Income.If there is no specific head you can use Services others.

Person having income from Commission or similar nature cant use Sec 44AD ..


TaxIQ Answered on May 17, 2017.
Add Comment