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AMWAY BUSINESS

20 May 2019

a person is a n agent of AMWAY.If he wants to efile to get his tds back which ITR should he file ? Where shoild he put his income I mean in which field ?

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8 Replies

Avtar Singh (363 Points)
Replied 20 May 2019

Commission income.File ITR 3

Prakash Pant (owner) (312 Points)
Replied 20 May 2019

Income under head Profits & Gains from Business & Profession, in ITR 3

But if the amount is in small amount, it can be declared under IFOS, of ITR 1 or ITR2.

4 Like

Surajit Mondal (94 Points)
Replied 20 May 2019

he got commission 24000 and tds deducted 2400

Chhalani and Associates (CA - www.cachhalani.com) (142 Points)
Replied 20 May 2019

If he has income from some other source also like salary / capital gain etc, show it as Income from Other sources..

CA SRI HARSHA HARIDAS (21 Points)
Replied 20 May 2019

simply show as other income and file ITR 4. no problem will arise

Prakash Pant (owner) (312 Points)
Replied 20 May 2019

Originally posted by : Surajit Mondal
	he got commission 24000 and tds deducted 2400

As such he can file ITR1. while declaring the income u/h. IFOS.

But there is likelihood of inquiry from CPC, for the said income. At that time he may need to clarify about it.

3 Like

Avtar Singh (363 Points)
Replied 20 May 2019

Gentlemen, reply had already been given. From various replies given by above experts is not up to the mark and to the point...So again I again repeat to file ITR3 as Amway has given commission and accordingly had deducted TDS under the commission head.