ITR AY 20-21 for commission agent in Post Office?
This query is : Resolved
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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.
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.
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.
File ITR 3. Use 0301 code.
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?
So can we declare the tuition income under 44ADA & Commission income in other income in ITR Form 4 SUGAM?
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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