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Itr1 or itr4s

ITR 506 views 11 replies

Hi,

I am a commision agent of a bank.so which ITR form is suitable for me for fill Income tax return.

Replies (11)

hello Rajib,

Do you have only the above mentioned income, if yes file ITR 4S

Hi,

what do u mean by above mention income....

Means do you nhave only commision income recived from banks

Hi,

yes i got only commision income from bank & TDS deducted at source.

Then you can go for ITR4S

For commission income, ITR4S cannot be used as 44AD is not applicable in case of commission income. Hence ITR4 I suppose.

No. It could be a profession to work as commision agent. So ITR 4 would be suitable. Otherwise ITR 1 also can be used. But as per me ITR 4 is more appropriate to file.

Clarify the Commission Income From Bank means. All Commission Income has to fill ITR 4. Also mention your total Income Above 120000 or not. If above 120000 then maintain Books of Accounts otherwise no account case.

TDS has been deducted under section 194H...ok

File -ITR-4

You cant file ITR 4 S    only ITR4

Hello Sir,

It is suggestible that you file ITR-4. Your income would be under the head Profits and Gains from Business or Profession. ITR-1 is applicable to Individuals having Income from Salary & Interest.

Kindly confirm that the TDS is NOT deducted u/s 192A, 192B or 192C

Thanks and Regards

 


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