Commission income to be taxed under which head?
This query is : Open
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.
11 July 2017
Profits & Gains of Business or Profession
11 July 2017
ITR-3...............
11 July 2017
You can take refund of TDS if your tax liability is less than TDS deducted.
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