Which itr for commision sales

File ITR 1, and declare the commission income under Income from Other Sources.

Originally posted by : Dhirajlal Rambhia
	File ITR 1, and declare the commission income under Income from Other Sources.

plz can u guide on this too when they say total income should be above 50 lacs to use itr 2 , is it the gross income without deductions or total taxable income after deductions that should be above 50 lakhs? 

Read more at: https://www.caclubindia.com/forum/total-taxable-income-or-gross-income-above-50-for-itr2--591709.asp

Total Income is defined under Section 2(45) with the scope defined by Section 5 of the Income Tax Act, 1961

• If you are an Indian resident in the previous year, any income received, accrued or deemed to be received by you will be accounted for .....
• Total Income is arrived by deducting all eligible deductions from “Gross Total Income”

Section 80B(5) of the IT Act defines Gross Total Income

• Includes income received or receivable by you in the previous year adjusted for clubbing and carry-forward amounts from previous years
• Deduct the non-taxable parts of your income from this amount to estimate ‘Gross Total Income’

In short, for income tax purpose Total income is after deducting all the eligible deductions as defined in chapter VI-A, from the  gross total income.

Originally posted by : Dhirajlal Rambhia
	Total Income is defined under Section 2(45) with the scope defined by Section 5 of the Income Tax Act, 1961 If you are an Indian resident in the previous year, any income received, accrued or deemed to be received by you will be accounted for ..... Total Income is arrived by deducting all eligible deductions from “Gross Total Income”   Section 80B(5) of the IT Act defines Gross Total Income Includes income received or receivable by you in the previous year adjusted for clubbing and carry-forward amounts from previous years Deduct the non-taxable parts of your income from this amount to estimate ‘Gross Total Income’   In short, for income tax purpose Total income is after deducting all the eligible deductions as defined in chapter VI-A, from the  gross total income.

so it means if total income after deduction comes below 50lakh then it should be itr 1 right? plz reconfirm if i understood it correctly .