Itr for salry & commission
This query is : Resolved
04 January 2014
MY ONE FRIEND IS GETTING SALRY FROM ONE COMPANY WHICH IS UNDER TAX LIMIT & APPROXI 2.20 LAKH
HE IS ALSO RECEIVING COMMISSION FROM LIC MORE THAN 1 LAKH yearly,
is it necessary to show salry also in itr
HE IS ALSO RECEIVING COMMISSION FROM LIC MORE THAN 1 LAKH yearly,
is it necessary to show salry also in itr
04 January 2014
yes mandatory to show salary also in ITR
.
.
you have to use ITR4, as commission income is taxable under head business or profession
.
.
.
.
you have to use ITR4, as commission income is taxable under head business or profession
.
.
04 January 2014
cannot file ITR2 if assesse having business income
.
in my opinion ITR4 mandatory in above case
.
in my opinion ITR4 mandatory in above case
04 January 2014
ITR 4 is applicable as he is receving commision from LIC business and ITR 2 is not applicable in this case.
05 January 2014
4s is yo use
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Section 50-fixed asset-->building ceases to exist
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- TDS on TRUST
- Consolidated financials
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Tds on commission charges
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
