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Query on income tax

mohd irfan (acct.) (82 Points)

02 February 2015

Hi I am working for Avon Company as a Representative, avon is a direct selling company which deals in cosmetics products I got Upto 30% Discounton Sale at the time purchasing of stock/product from avon i sale them to my customers at the MRP or the price which is listed in brochure of Avon and I also work i.e Salary Income also.

My Income comes from Salary and from Avon too.

So My question is that which ITR i should file ITR1 or ITR 4S and if i Fill ITR 4s than under what head (i.e. Broker,Commission etc. should i show my income which comes from Avon product sale.

Please guide me, and provide some information regarding this issue.

Thanks

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1 Replies

Sagar Devani (Corporate and International Taxation) (1174 Points)
Replied 02 February 2015

U can use any of the forms. If u use ITR 1 show this income as income from other source. In case of ITR 4S, u can show this as income from business - Trading business. Since you buy the goods from avon and sell it.

Since, this is a direct selling company it is appropriate if you show this as your income from commission or other source.