ITR filing

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 December 2010 Dear Experts,

One of my friend is earning real eastate agent commission, he is receiving in cash & there is no any proof of documents for his earning.

for the purpose of housing loan he has to submitt IT returns copies to the bank.

My query is under which ITR form we have to file his return and under which head we have to show his income.

can we show in ITR 1 as income from other sourch and salary income.

Can we show Rs 96000/- as income rec from Salary and 25000/- as commisiion under ITR 1.

his income is not more that 1.6Lacks

Pls clarify

Thanks in advance

CA Manikandan.A.V

CA Manikandan.A.V (Expert)
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16 December 2010 For Individuals having Income from Salary / Pension / Income from One House Property (excluding loss brought forward from previous years) / Income from Other Sources (Excluding Winning from Lottery and Income from Race Horses) SARAL - II (ITR-1)is applicable. If Salary is received from a TAN holder, Form 16 need to be obtained.

Querist : Anonymous

Querist : Anonymous (Querist)

16 December 2010 salary is recieving in cash from unregistered dealer doig stationary business & real eastate commission is in cash there is no proof of documents for the above said income.

Which ITR
Pls clarify.

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Querist : Anonymous

Querist : Anonymous (Querist)