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Commision under 194c

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Ashish

Chartered accountant

193 Points Posted on 26 September 2020

If commission received under 194C is Rs 1200 only, u/s 194J is Rs 70 and rest income is from salary then which ITR to be filled ?

Replies (9)

Quick Summary

This discussion clarifies which Income Tax Return (ITR) form to file when you have commission income under sections 194C and 194J, alongside salary income. Generally, if the commission is minor and not considered regular business income, you can file ITR 1, declaring it as 'income from other sources'. However, if the commission is substantial and regular, it may be treated as business income, requiring ITR 3.

Pratik Surve

Assistant Professor

571 Points Posted on 26 September 2020

ITR 3 have to be filled

Sagar Patel

Tax and Business Consultant

11616 Points Posted on 27 September 2020

ITR 1 required to be filed. You can show both Rs. 1200 and Rs. 70 as Income from other source.

Ashish

Chartered accountant

193 Points Posted on 27 September 2020

So can i file ITR 1 for the same ?

Sagar Patel

Tax and Business Consultant

11616 Points Posted on 27 September 2020

Yes, of course.....

Ashish

Chartered accountant

193 Points Posted on 27 September 2020

Ok sir, just want to clear tht, some said, if u earn comission income, then it is compulsion to ITR 3

Sagar Patel

Tax and Business Consultant

11616 Points Posted on 27 September 2020

If you earn Commission income, which is material in nature (i.e in amount) and it's regular i.e (to be earned in future years also) like business income than its considered as business income, and you have to file ITR 3 for business income of Commission.

if it's not as per above criteria than you can consider that income as income from other sources and file ITR 1