ITR AY 20-21 for commission agent in Post Office?

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This discussion addresses the correct Income Tax Return (ITR) form for an individual earning commission as a Post Office agent. The consensus is that ITR 4 SUGAM is not suitable for commission income, as it doesn't qualify for presumptive taxation. The recommended form is ITR 3, with a specific business code (0301) suggested. If the individual also earns tuition income, it should be declared under business and professional income alongside the commission, still requiring ITR 3.

Aditya Kumar

Aditya Kumar (Querist)

06 September 2020 Sir, my query is as follows:
An assessee works as a commission agent in Post Office & receives commission for the the FD/RDs. Assessee's income from this is Rs3,85,000 in FY 19-20. Which ITR form should be filled & what should be the business code that should be selected?
Can we file the return in ITR 4 SUGAM and if we can, than under which presumptive income it has to be filled (along with the business code)?
Sir please help, as soon as possible.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

07 September 2020 ITR 4 can't be filed, as commission income will not be considered under presumptive income.
File ITR 3. Use 0301 code.

Aditya Kumar

Aditya Kumar (Querist)

07 September 2020 Sir, the assessee also provides tuitions from his home, besides being a commission agent.
So can we declare the tuition income under 44ADA & Commission income in other income in ITR Form 4 SUGAM?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

08 September 2020 Commission income can't be declared under other income, hence ITR 4 can't be filed. File ITR 3 with tution income and commission income under business and professional income.

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