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.
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