Is income from commisssion regarded as business income?
This query is : Resolved
25 August 2015
A person is having net profit from business rs.113070.sales-760600.
he also have commission income rs.66360 and income from service of mobile phones rs.22730.
can i show rs.66360+22730=89090 as income from other sources and fill itr 4s
or
i have to file itr-4.
plz reply
he also have commission income rs.66360 and income from service of mobile phones rs.22730.
can i show rs.66360+22730=89090 as income from other sources and fill itr 4s
or
i have to file itr-4.
plz reply
25 August 2015
You have to file ITR 4 showing commission income and income from service as business income.
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