I am a pensioner and receiving pension every month. Now I am new insurance agent. I have received a commission of Rs 96000 during the FY 2017-18. I want to know:
(1) Whether the entire amount of Rs 96000 is taxable or any deduction is admissible
(2) The Head under which the income should be shown
(3) ITR Form to be used by me for filing my Income Tax return.
I have no other income expect Pension and the commission said above.
Please answer me above three queries.
Thanks and regards
Ramamurthy K

Hello,
We received Form 24Q& 26Q to Chartered accountant...
we are not deducted TDS in salary..How To Reply Charted accountant To NIL TDS Return File.
Please Reply

my employer who is in tobacco trading business has taken cash credit/ key loan on stocks and subsequently the account turned into NPA, the bankers ceased the stock and sold in auction. Can you please explain whether GST is payable on sale value by bankers by my employer

Where should we shown allowances to the exemption u/s 10 like conveyance allowance,education allowances, HRA, medical bills etc

My friend is having Profit from Commodity Transactions, Interest Income and Income from Tuitions. Which ITR form needs to be used for filing the ITR for AY 2018-19. Kindly suggest.

If tax liability is nil whether the late fee will be there on non filling of itr within due date

I got an intimation from Income tax department u/s 143(i)(a) as the amount of income from other sources shown in return is Rs 3000 short than the income shown in my 26AS. Also I missed 30 days time limit. So now what to do plz help.

if actual delivery not made than what is the turnover for future derivative?

Dear sir ,
We are providing discount on the face of our tax invoice , not paying any tax on discount amount and not even reversing any amount of input in respect of discount .For example suppose our rate is 105/pc . We are billing 105(gross rate)-5(discount)=100(taxable value)*18%(gst rate), total invoice value Rs.118.
Would there be any problem as we are not paying tax on discount amount and not even reversing ITC of input in respect of discount amount ?? Pls clearify

Already X has one house in his name. He now wanted to sell one land and use that proceeds to construct a new house. Can he claim deduction under section 54F?