Commission income

If a person is invovled into agency business, then under Business head and if not then under IFOS

depends upon nature of comission may be income from business/other sources.

It totaly depends on nature of commision if the person is an employee it can also be salary income. 

if person is involved in agency business than it will chargeble under head P/G/B/P

iF NOT INVOLVED IN AGENCY OR NIETHER AN EMPLOYEE THAN IT WILL BE CHARGEBLE UNDER HEAD  I/F/O/S

agree with above

It totally depends on nature of commission. If he is a commision  agent then ,it will be taxable under PGBP.

Else, it will be taxable under income from other sources.

which ITR form should filed for PGBP in case of insurance commission ITR 4 OR 3 FOR A.Y.17-18

Hi,

Treatment of commission income depends on the nature of the source.

It will be treated as PGBP income if the commission is received as a part of conducting any business on a regular basis and where the major source of income of the assessee is from such commission income.

It will be treated as Income from Other Sources if the commission received is not chargeable to tax under the other heads of income viz. "Salary", "House property", "Business or Profession" and "Capital Gains".

It will be treated as Income under head Salary if the commission income is based on the turnover of the company as a fixed percentage and is included in the employement contract as well.

Originally posted by : nagarjuna
	which ITR form should filed for PGBP in case of insurance commission ITR 4 OR 3 FOR A.Y.17-18

Those who carry on business or profession of Income from commission or brokerage or an agency business cannot file ITR-4S. For income as an insurance agent – one has to file ITR4.

i received major source of income from business and received only 30000 rs from comission on which tds is deducted under sec 194d which ITR should i file 

Hello, 

According to my knowledge, it comes under the Residuary Head of Income 

Which ITR to choose for Commission Agents: ITR 3 or ITR 4? Click here