assessee has commission business .his income from commission for FY 2017-18 is Rs 450000/- (aprox) also insentive is of Rs 250000/- total income is near about 700000/- his saving during the year is 60000/-. TDS has been deducted by deductor.
1. which ITR is tobe file for AY 2018-19.
2. How much percentage of total income can he claim as expenses.
3. Can he have to do more saving upto march 18 to minimise his tax liability.
Menu
commission income taxability
Replies (1)
1. ITR 3 or its equivalent for AY 2018-19.
2. As per actual expenditure with supporting evidence........ (generally around 50:50)
3. Yes, investment eligible for 80C deduction ,,,,,,,etc........
Recent Topic
- Form 145 and 146 Foreign Remittance in Excel Forma
- E invoice missed out/not generated for FY2025-26
- Can a broker's software legally override actual po
- Startup exit in Sept 2025: Can I still save LTCG t
- Need advice
- GST registration
- Tax Refund timeline
- Is Form 10E applicable for Notice Pay received in
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
Related Topics
CAclubindia
