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
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- When TDS on GST applied
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
