Itr form for commission

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

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

Originally posted by : DEOL SUNNY
	Ronak sir comission is the part of income from other sources, so it comes under ITR-2

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

Agrid with aparna raja

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

Generally commission income considered as business income so, ITR-4 should be filed...n if u treated commisssion as other source then only go for ITR-2.

in option  OF ITR-4   WHICH ONE IS FILE    ITR- 4 OR ITR-4S

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

Go for ITR 4S... i have filed many returns of Insurance agents.. so pakka... u go for that :P
 

Non-eligibility for SUGAM ITR-4S Form [4][edit] Individuals and Hindu Undivided Families who are have earned any Income through the following sources are not eligible to fill the SUGAM ITR-4S More than one House Property Lottery, Racehorses, Legal Gambling etc. Non Tax Exempt capital gains both Short term as well as Long term Agricultural means exceeding the amount of Rs. 5000 Speculative Business and other Special category incomes A Profession as per Sub Section (1) of Section 44A An Agency or as Commission or Brokerage Any means that is located outside the Indian Territory

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:

• Income from commission or brokerage
• Agency business

So ITR - 4s will not e applicable for commission income

section 44AD specially excluded commission income  for filling itr on presumptive basis.

so 4s is not allowed