This discussion explores the correct Income Tax Return (ITR) form for an individual earning salary, commission income (subject to TDS under Section 194H), and capital gains. The primary question is whether to file ITR 2 or ITR 3, considering the option to deduct expenses against commission income. It is suggested that commission income can be declared under 'Income From Other Sources' in ITR 2, but ITR 3 might be more suitable if expense deductions are intended.
06 October 2021
Member of my family is salary earner for the period F.A 2020-21 During the period extra part time work was done & receive income in the form Buss .Commission nearly 55 thousand under sec 194 H ----TDS deducted on their commission. Person also have income on their investment --shares . Capital Gain. My question which form has to select for Income tax return for A .Y 2021-22