Dear sir,
I receive ₹ 380000 commission income and u/s 194H TDS is also deducted now in which ITR form I show commission income.
whether as a Business income or Other Source income.
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Commission income
Replies (5)
Business Income
In ITR 3 as under PGBP head.
Yes as per my knowledge
The amount which you have received will be consider as business income if the following conditions are not satisfied
1 Any sum exceeding ₹ 50,000/- received without consideration shall be treated as income provided that the sum of money is not received from any relative or on the occasion of marriage of the individual
2 Insurance commission
the above mentioned income is related to income from other sources
1 Any sum exceeding ₹ 50,000/- received without consideration shall be treated as income provided that the sum of money is not received from any relative or on the occasion of marriage of the individual
2 Insurance commission
the above mentioned income is related to income from other sources
you can go for business income
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