Which itr form will be used for efilling

Efiling 452 views 6 replies

A PERSON HAVE INCOME FROM COMISSION  UNDER HEAD   GENRAL COMISSION AGENTS   & CLAIM HIS EXPENSES IN HIS INCOME TAX RETURN :

 

 

NOW   IN ASST YEAR 2015-16  HE STARTED HIS TRADING GARMENTS BUSSINESS AND ANOTHER SIDE HE IS DOING HIS COMISSION BUSSINESS : 

ONE SIDE HE HAS INCOME FROM BUSSINESS INCOME& ANOTHER SIDE COMISSION INCOME 

 

WHICH INCOME TAX FORM HE HAS TO FILL IN ASST YEAR 2015-16. . & HE DOES NOT UNDER AUDIT SECTION &WANT TO CLAIM HIS EXPENSES DURING HIS BUSSINESS & COMISSION :

 

TELL ME WHICH ITR FORM WILL BE USED? 

Replies (6)
ITR-4 is to be used. Expenses can be claimed.
ITR 4 to be used. & income from commision can be shown in trading account of garments and finally can compute profit.
ITR 4S also can use as trading and commission as income from other sources
ITR 4 is to be used
Use itr 4....show business income under pgbp and commission income under OS head. Or u can use 4S if profit is above 8% and no audit required.
ITR 4 is used only commission should be on adhoc basis


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