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Salary & commission income

ITR 416 views 1 replies

Kathiravan

Manager

24 Points Joined June 2014

Hi,

I am a salaried employee. Recently got a commission amount where the deductor dedcuted TDS and remitted . i can see the remittance in form 24AS. if i add this as a other income , income tax is getting calculated again .

Which ITR form i have to use to show this return or should i need show this income or not ?

Please suggest

Thanks in advance

Replies (1)

CA Raj Doshi

Practising CA

8944 Points Joined December 2013

You need to show the income as the corresponding tds is reflected in 26AS. Your income is salary + commission + saving bank interest. TDs has been deducted on salary and commission. Saving bank interest upto Rs. 10000 will be a deduction u/s 80 TTA. So I think there will be no tax. However filing of return is mandatory for you. email for correspondence : rajcdoshi @ gmail.com .. regards Raj Chetan Doshi. 9820803593