Salary & commission income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 October 2014
DEAR SIR,
I HAVE TWO SOURS OF INCOME SALARY AND COMMISSION. COMMISSION INCOME GRATER THAN SALARY. SO PLEASE TELL ME HOW TO PREPARED INCOME TAX RETURN ITR-1, ITR2 AND OTHER.
PLEASE HELP ME FILE INCOME TAX RETRUN.
THANKS
NITIN SHARMA
I HAVE TWO SOURS OF INCOME SALARY AND COMMISSION. COMMISSION INCOME GRATER THAN SALARY. SO PLEASE TELL ME HOW TO PREPARED INCOME TAX RETURN ITR-1, ITR2 AND OTHER.
PLEASE HELP ME FILE INCOME TAX RETRUN.
THANKS
NITIN SHARMA
02 October 2014
You have to file ITR - 2 as you have commission income ( Income From Other Source)
02 October 2014
Dear Tejas,
You need to exclude commission income from "business/profession" for it to be included in "other incomes". there is no presumption of it to be included in other incomes.
You need to exclude commission income from "business/profession" for it to be included in "other incomes". there is no presumption of it to be included in other incomes.
06 October 2014
no, u need to file itr4 in case commission is taken as business income.
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