income from others

201 views 7 replies
income receive commission basis but not deducted any amount of TDS . can I file ITR 2
mentioned income from others in OS
Replies (7)
no must file itr 3
As there is no TDS on commission , if commission income is small amount then can show under OS under Any Other with descripttion. in this way file ITR1 or ITR depending upon income other than commission.

Otherwise file ITR 3
Why sir I do file ITR 3 And why not file ITR 2
The commission amount more than four lakhs
The commission amount more than four lakhs

1. The very simple way to segregate whether a commission income falls under PGBP or IOS is based on its significance. 
2. If you have spent most of your time and efforts to earn the commission income and it forms part of your major income then it will fall under PGBP. 
3. If the commission income is earned sideways and not as a major source of income it can be shown under IOS. 
4. Based on the facts and circumstances you can show your commission income. 
5. If Rs. 4 lakhs forms part of major source of income then it should be shown under PGBP and for PGBP only ITR- 3 can be filed. 
6. In the case of IOS ITR-2 is enough. 
Please correct me if the above interpretation has an alternative view. 

@ sabari

As commission income is 4 lakhs irrespective of sources of income under other heads, you need to show commission income under PGBP and file ITR 3.

TDS whether deducted or not deducted is irrelevant.

You can not file ITR 2 or ITR 1 as per your choice.
and if filed then surely it's a defective return.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register