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Itr for salry & commission

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(Querist)
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
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Ganeshbabu K

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Ganeshbabu K (Expert)
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
.
.
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TRINATH

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TRINATH (Expert)
04 January 2014 hi,
file itr IV,

tnks,



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Ganeshbabu K

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Ganeshbabu K (Expert)
04 January 2014 cannot file ITR2 if assesse having business income
.
in my opinion ITR4 mandatory in above case
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
04 January 2014 ITR 4 is applicable as he is receving commision from LIC business and ITR 2 is not applicable in this case.
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CA Y.Kondal Reddy

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CA Y.Kondal Reddy (Expert)
05 January 2014 4s is yo use

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