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ITR form

manohar (manohar) (65 Points)

19 July 2018

our one clinet have business of. passnger transportation & commission form LIC india . on LIC commission TDS is not deducted , which ITR form is required . & under which section return is filled 44AD or 44AE?

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7 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193882 Points)
Replied 19 July 2018

File ITR4 under sec. 44AD ..

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manohar (manohar) (65 Points)
Replied 19 July 2018

sir commission income taxable under which head?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193882 Points)
Replied 19 July 2018

Being smaller amount, can be declare under head 'IFOS'

manohar (manohar) (65 Points)
Replied 19 July 2018

bt sir 44ad is not aplicable for commission & brokerage income

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193882 Points)
Replied 19 July 2018

Yes, that is the difference...... here it is declared under other income head, when no TDS deducted, ie. income lesser than 15K....... It is not his main source of income..

So many salaried employees earning such side income just file ITR1/2 based on same principle.