Commission Income

Anand (Accountant) (130 Points)

24 August 2019

I have 5 lakh income on commission. Which ITR application. ITR 1 or ITR 3 ?

No other income...

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (194825 Points)
Replied 24 August 2019

If wish to deduct expenditure over the commission income, go for ITR 3.

Otherwise ITR 1 may be opted.

ARVIND JHA (ACCOUNTANT EXCUTIVE) (140 Points)
Replied 24 August 2019

ITR 3 IF UR COMMISSION INCOME IS A MAIN INCOME.

Kapadia Pravin (17264 Points)
Replied 24 August 2019

File ITR 3 only. ITR 1 is not applicable since you have commission income. Claim TDS( if any) as per 26AS

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ARVIND JHA (ACCOUNTANT EXCUTIVE) (140 Points)
Replied 24 August 2019

yes Mr. Pravin

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