Commission income to be taxed under which head?
This query is : Open
Rahul Malhotra
(Querist)
11 July 2017
Dear Sir,
A person is receiving commission being post office RD Agent and he is not receiving any salary income.
Above mentioned incomes to be taxed in which head:
1. Profits & Gains of Business or Profession or
2. Income from other sources.
and which ITR should be filed in this case. A person has not even filed ITR of F/y 2015-16 So what is the consequences of not filed last year return. Can he take refund if the person has TDS Deducted. Please reply as soon as possible.
A person is receiving commission being post office RD Agent and he is not receiving any salary income.
Above mentioned incomes to be taxed in which head:
1. Profits & Gains of Business or Profession or
2. Income from other sources.
and which ITR should be filed in this case. A person has not even filed ITR of F/y 2015-16 So what is the consequences of not filed last year return. Can he take refund if the person has TDS Deducted. Please reply as soon as possible.
CA Rashmi Gandhi
(Expert)
11 July 2017
Profits & Gains of Business or Profession
CA Rashmi Gandhi
(Expert)
11 July 2017
ITR-3...............
CA Rashmi Gandhi
(Expert)
11 July 2017
You can take refund of TDS if your tax liability is less than TDS deducted.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query on effect of registration of property
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
