Surajit Mondal (94 Points)
20 May 2019
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 20 May 2019
Zeal Bangdiwala
(Partner at N. Gamadia & Co.)
(363 Points)
Replied 20 May 2019
| Originally posted by : Ruchika Somani | ||
 |
Assessee can file ITR 1 under head Income from Other Source if his / her commission income is less than 50 lacs and he / she doesnt invest in listed shares.Otherwise assessee has to file ITR 4 44AD if he / she wanna show commission income as business income. |  |
Person cannot file ITR 4 in case of commission income it is prohibited. Also, commission is in nature of business so he cannot show such income under Income from other sources. He has to maintain books of accounts and file ITR 3 by preparing proper Profit and loss Account and Balance Sheet.
Zeal Bangdiwala
(Partner at N. Gamadia & Co.)
(363 Points)
Replied 20 May 2019
| Originally posted by : Surajit Mondal | ||
|
a person is an agent of AMWAY.If he wants to efile to get his tds back which ITR should he file ?Can he file ITR I ?if yes where should I put his commission income ? | |
Under which section TDS is being deducted ? if it is under section 194H he cannot file ITR 4. He has to file ITR 3 only.
RAJA P M
("Do the Right Thing...!!!")
(127542 Points)
Replied 20 May 2019
CAclubindia
