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.

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.

05 October 2021 For commission income presumptive income not eligible. File ITR 4 (now ITR3).


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query