Which itr should be used
This query is : Resolved
Sameer Kulkarni
(Querist)
20 September 2014
Hello Experts,
I have a business where i purchase products and sell it to customer by which i earn profit from my customer and Commission from my Seller. TDS is deducted by the Seller from whom i purchase my Income doesn't fall under taxable income to claim the Amount which ITR should be used and this income comes under which head???
Thank You in Advance
I have a business where i purchase products and sell it to customer by which i earn profit from my customer and Commission from my Seller. TDS is deducted by the Seller from whom i purchase my Income doesn't fall under taxable income to claim the Amount which ITR should be used and this income comes under which head???
Thank You in Advance
20 September 2014
File ITR 4,
this income is from Business and Profession
this income is from Business and Profession
Sameer Kulkarni
(Querist)
21 September 2014
But Commission falls under Section 194H Right Can we still consider it as Income from Business And Prof. as Sec. 194H says deduction is to be made at a flat rate of 10%
Soumitra Basu
(Expert)
22 September 2014
You can still use ITR4
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