Deekshith (IT Professional) (25 Points)
02 February 2017
lokesh kumawat
(...)
(30 Points)
Replied 02 February 2017
Deekshith
(IT Professional)
(25 Points)
Replied 02 February 2017
Do i need to consult an Chartered Accountant
Kalki Vital Narayanam
(CA Final Student)
(121 Points)
Replied 02 February 2017
As long as your total Income doesnt exceed Basic exemption Limit of 2,50,000, it is not mandatory to file Income Tax Return. You can also file a nil Return showing Salary under Income from salaries & Commission under Income from Other Sources. You have to file Return of Income in ITR-1
Deekshith
(IT Professional)
(25 Points)
Replied 02 February 2017
Thank to for you reply, that was very helpful.
One more doubt is can i claim TDS deducted for LIC commission, by filling ITR 1. or do i need to file ITR4 Separately.
CAclubindia
