Comission/brokerage income

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20 Points Posted on 12 March 2012

Dear Friends,

My income is from brokerage after deducting the TDS. Kindly clear my below mentioned points.

1. Is it necessary to file a return as the income does not exceed the Taxable Limit ?

2. If so, Which form should be used?

3. Can i claim for refund, the tax which has been already deducted?

Note: - (No other income, Having Form 16A, Annual Brokerage income is Rs 120000)

Kindly assist friends

Replies (2)

glidor@gmail.com

20 Points Posted on 12 March 2012

if you want to claim refund, file return under form ITR 4 or ITR 4S and claim refund,

CA Qualified CMA Final and CS Executive

20 Points Posted on 12 March 2012

You must file your return to get the refund. And don't forget to go through your 26AS before filing your return.

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