person who having income from comision & other sources in asst year 2011-12
which itr form he will file iITR - 4s or ITR- 2 ?
RONAK DARJI
(CA FINAL)
(382 Points)
Replied 27 July 2011
Dear Mr.Sunny,
As per my knowledge Commission as well as other income will fall in ITR-4.
Above statement is given by my own experiance of filing return.
Regards,
Ronak Darji
e-mail: ronak.jdarji @ gmial.com
SUNNY
(STUDENT CS)
(377 Points)
Replied 27 July 2011
Ronak sir comission is the part of income from other sources, so it comes under ITR-2
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 27 July 2011
Originally posted by : DEOL SUNNY | ||
Ronak sir comission is the part of income from other sources, so it comes under ITR-2 |
Originally posted by : DEOL SUNNY | ||
Ronak sir comission is the part of income from other sources, so it comes under ITR-2 |
Aparna Raja K.C
(Student)
(520 Points)
Replied 27 July 2011
It will be ITR 4s..
give it under presemptive income.. ie 44AD...
and give the rate at 100% or lower rate...
if u can provide profit and balancesheet then go for ITR 4
Nirmal
(B.Com, M.Com, CAFinal)
(93 Points)
Replied 28 July 2011
If Commission income You want to Show As other income Then fill up ITR-2
In case of Commission Income Treated as Bussiness Income Then Fill up ITR-4
Both Options Available
Tahnx
SUNNY
(STUDENT CS)
(377 Points)
Replied 28 July 2011
in option OF ITR-4 WHICH ONE IS FILE ITR- 4 OR ITR-4S
Nirmal
(B.Com, M.Com, CAFinal)
(93 Points)
Replied 28 July 2011
In Option Of ITR-4
ITR-4 OR ITR-4S is Available
If u have normal Commssion income treat as bussiness income then ITR-4
and In case of Commission of an Insurance Agent i.e. LIC Agent etc. Then ITR-4S Should be Fill up
Aparna Raja K.C
(Student)
(520 Points)
Replied 28 July 2011
Go for ITR 4S... i have filed many returns of Insurance agents.. so pakka... u go for that :P
bhalchandra
(accountant)
(27 Points)
Replied 18 December 2014
CA.Arun (M.COM,ACA,ACS,CMA)
(Proprietor)
(40 Points)
Replied 17 April 2016
Eligible Businesses u/s 44AD
The taxpayer may be in any business – retail trading or wholesale trading or civil construction or any other business to avail this scheme. But this method of income computation is NOT applicable to:
So ITR - 4s will not e applicable for commission income
Rakesh
(C.A)
(23 Points)
Replied 05 August 2016
section 44AD specially excluded commission income for filling itr on presumptive basis.
so 4s is not allowed
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