If an full time employee receives commission of rs 25000 and tds deducted u/s 194 H . Now can he use ITR-1 or Itr -4 .
R
Which itr to be file
CA SHIVAM TANDON (0) (76 Points)
27 July 2013
CA SHIVAM TANDON (0) (76 Points)
27 July 2013
If an full time employee receives commission of rs 25000 and tds deducted u/s 194 H . Now can he use ITR-1 or Itr -4 .
R
Pakshal Shah
(Practicing Chartered Accountant)
(271 Points)
Replied 27 July 2013
Bhav Bhuti Sharma
(Towards Professionalism )
(823 Points)
Replied 29 July 2013
USE ITR 1 to file the return
Mahalakshmi Gayathri
(Student CA Final )
(50 Points)
Replied 29 July 2013
In my view, ITR 1 to be used.
CA. Sonali Gupta
(Practise)
(96 Points)
Replied 29 July 2013
If commission is received from same employer than it will be treated as part of salary and ITR-1 will be applicable. If Commission received from other than employer than it will be treated as business income and ITR-4 or 4S will be applicable subject to maintainence of account books.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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