Which itr in case of commission earned ?

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SIR/MADAM, i am salaried employee and i have earned commission also, which ITR i should file.
Replies (11)

If commission is received from your employer as a part of salary
then ITR-1
otherwise ITR-4

You can efile using Income tax form ITR 4S.  It is also called SUGAM.  You just need this simple form.  The total profits should be atleast 8% of turnover.  

ITR -4S is not applicable for commission income
you should submit your return in ITR-1
or ITR-4 can be submitted also

 

Right, that was a clarification , I think I made an error.  

 

  • If you fall in any of the below mentioned case you cannot file ITR-4S
    • Income from commission or brokerage
    • Income from Agency business
    • Income from Profession – those who are carrying on profession of legal, medical, engineering, architectural, accountancy, technical consultancy, interior decoration, an authorized representative, film artist, company secretary and information technology. Authorized representative means – any person, who represents someone, for a fee or remuneration, before any Tribunal or authority under law. Film Artist includes a producer, actor, cameraman, director, music director, art director, dance director, editor, singer, lyricist, story writer, screenplay writer, dialogue writer, dress designer – basically any person who is involved in his professional capacity in the production of a film.
    • Own more than one house property
    • Earned Speculative income like winning from lotteries, horse races
    • Agriculture income or exempt income more than Rs 5,000
    • Have Capital gains
    • Losses to be carried forward
    • Holds any assets outside the country or has any financial interest in any foreign entity
    • Is a signing authority in any bank account located outside India
    • Any resident having income from any source outside India
    • Claimed relief under Section 90 or 91

 

You can submit ITR-1 or ITR -4. 

But ITR- 4s is not for commision income.

I tried using itr 4s for commision income and it worked.  So I am not exactly sure about it.

ITR -4s is submitted where income is calculated on the basis of presumptive method.

It is a special case of ITR.

Further, itr-4s cannot be filed in.case of income from commission or brokerage.

ITR -4s is submitted where income is calculated on the basis of presumptive method.

It is a special case of ITR.

Further, itr-4s cannot be filed in.case of income from commission or brokerage.

Surbhi Ji is right

 

​​A person who is earning income in the nature of commission or brokerage cannot adopt the presumptive taxation scheme of section 44D​. Insurance agents earn income by way of commission and, hence, they cannot adopt the presumptive taxation scheme of section 44D​.

ITR 4 should be filled for commission income...

 

for the ay 2017-18 file ITR 3 .  earlier it used to be called itr 4.  but now itr 4s is called itr 4 and itr 4 is called itr 3. file after reading , carefully


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