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Which itr in case of commission earned ?

anukram (no) (49 Points)

03 August 2016

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

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11 Replies

Dinesh Mertiya (PROFESSIONAL) (761 Points)
Replied 04 August 2016

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

1 Like

John Mcguire (Professional) (245 Points)
Replied 14 August 2016

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.

Dinesh Mertiya (PROFESSIONAL) (761 Points)
Replied 15 August 2016

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

John Mcguire (Professional) (245 Points)
Replied 15 August 2016

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

FCA surbhi jain (FCA) (897 Points)
Replied 15 August 2016

You can submit ITR-1 or ITR -4.

But ITR- 4s is not for commision income.

John Mcguire (Professional) (245 Points)
Replied 15 August 2016

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

FCA surbhi jain (FCA) (897 Points)
Replied 15 August 2016

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.

FCA surbhi jain (FCA) (897 Points)
Replied 15 August 2016

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.

John Mcguire (Professional) (245 Points)
Replied 15 August 2016

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.

BANTY KUSHWAHA (CA FINAL) (108 Points)
Replied 22 February 2017

ITR 4 should be filled for commission income...

John Mcguire (Professional) (245 Points)
Replied 26 April 2017

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