sir my friend received sales commission sale of Herbalife products. please guide which itr file. can show income from other source or commission received with out books of accounts. please guide me.
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Quick Summary
A user is seeking guidance on which Income Tax Return (ITR) form to file for sales commission received from selling Herbalife products. The commission is considered active income, not passive. They are unsure whether to report it under 'Income from Other Sources' or as part of Profits and Gains from Business or Profession (PGBP), which would necessitate filing ITR-3 or ITR-4.
Considering that this commission is received as a Agency Business and not passively receive. hence it should be filed under the head PGBP i.e. Either ITR-3 or ITR-4