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mohd irfan (Querist)

02 February 2015 Hi I am working for Avon Company as a Representative, avon is a direct selling company which deals in cosmetics products I got Upto 30% Discounton Sale at the time purchasing of stock/product from avon i sale them to my customers at the MRP or the price which is listed in brochure of Avon and I also work i.e Salary Income also.

My Income comes from Salary and from Avon too.

So My question is that which ITR i should file ITR1 or ITR 4S and if i Fill ITR 4s than under what head (i.e. Broker,Commission etc. should i show my income which comes from Avon product sale, and Avon product charges VAT on which is included in MRP for example if product price is Rs.200 than they charge 14%VAT and which is included in Rs. 200 actual product price is Rs. 172 before VAT but the MRP printed on Product is Rs.200. please clear this I am not a VAT payer i dont have TIN/VAT no. not also my income comes in VAT Category i just make a sale of Rs.1,30,000 a year with Earning a Discount of Rs.39000 Purchase at Rs. 91000(Products) and sale at Rs. 1,30,000 Net Income in form of Discount I received during Purchsed is RS.39000 in form of Discount Earned.

Please guide me, and provide some information regarding this issue.

Thanks

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

02 February 2015 You can file ITR 4S show salary under salary head. Show Avon product sale under business head. Compute your profit u/s 44AD. 8% profit on Sale value of 1,30,000.