Proper head
This query is : Resolved
03 August 2015
sir i am doing part time business of Avon cosmetic.Its a Direct Selling company i work as avon representative under which head i should fill tax in ITR4S. I am also having a salary income. Both the income are separate and the income which i received from selling cosmetics is that when i received order from customer from brochur i order to company and pay the discount slab amount and i received payment from customer in full amount.
For Example;
I got order of Rs. 10000 and i will get 30% Discount on this order and i pay 7000 to company for this order and receive Rs.10000 from customer this Rs. 3000 is my income and under which head should i show this income.
I am received Salary of Rs180000 (Rs 15000pm) for the period 2014-15
Part time business income Sale Rs125000 for 2014-15
Received 30% Discount on Sale
Commission Income From Above Sale Received Rs 2800 for 2014-15
This company giving Discount on Slab Rate from
2500----10%
2501---3500 20%
3501---5000 25%
5001----10000 30%
Under which head i should show my income.
For Example;
I got order of Rs. 10000 and i will get 30% Discount on this order and i pay 7000 to company for this order and receive Rs.10000 from customer this Rs. 3000 is my income and under which head should i show this income.
I am received Salary of Rs180000 (Rs 15000pm) for the period 2014-15
Part time business income Sale Rs125000 for 2014-15
Received 30% Discount on Sale
Commission Income From Above Sale Received Rs 2800 for 2014-15
This company giving Discount on Slab Rate from
2500----10%
2501---3500 20%
3501---5000 25%
5001----10000 30%
Under which head i should show my income.
03 August 2015
If its a Commission income then U must file ITR-4 for that or 4S. And U must show it as commission income.
And if u r getting only salary then treat it accordingly.
And if u r getting only salary then treat it accordingly.
05 October 2021
For commission income presumptive income not eligible. File ITR 4 (now ITR3).
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