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Which ITR is applicable

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2 Points Posted on 01 January 2021
if a person having income from salary and getting commission from insurance. Which ITR is applicable for filing it ?
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On 01 January 2021 at 22:51 Report
Replies (11)
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6 Points Posted on 01 January 2021
Income from salary and from shares
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On 01 January 2021 at 23:08
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Tax consultant
5895 Points Posted on 02 January 2021
@ lahejjat ITR 3
57 Reply
On 02 January 2021 at 01:23
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Accountant
4533 Points Posted on 02 January 2021
I think ITR 1 will you better
19 Reply
On 02 January 2021 at 06:36
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Tax consultant
5895 Points Posted on 02 January 2021

@ nandanji either ITR 2 or itr 3 

57 Reply
On 02 January 2021 at 08:51
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524 Points Posted on 02 January 2021
Itr 3 should be filed for lahejjat
3 Reply
On 02 January 2021 at 09:41
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Profession Business
28196 Points Posted on 02 January 2021
Lahejat tea



person deriving income from salary and commission
depending on the quantum.
insurance from commission how much?
you can disclose it in itr 1.
44 Reply
On 02 January 2021 at 11:20
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17264 Points Posted on 11 January 2021
@ lahejjat
Go for ITR3. If insurance Commission amount is smaller reasonable then you may show under IFOS. In that case ITR1 you file

@ nandan
Go for ITR2
OR
If shares is trading activity then file ITR3
101 Reply
On 11 January 2021 at 14:06
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Profession Business
28196 Points Posted on 11 January 2021
ITR 3 IS GENERALLY APPLICABLE IN THE FOLLOWING CASES:
INCOME FROM BUSINESS AS PROFESSION
PARTNER IN PARTNERSHIP FIRM
DIRECTOR IN A COMPANY..
SO SINCE THE QUERIST HAS NOT MENTIONED THAT HE IS NOT A DIRECTOR.
HE CANNOT FILE ITR3.

ITR 1 WILL BE OK .
BUT IF NOT ITR 2.
44 Reply
On 11 January 2021 at 14:33
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Tax consultant
5895 Points Posted on 11 January 2021
When it comes to commission itr3 is mandatory
57 Reply
On 11 January 2021 at 14:48
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Profession Business
28196 Points Posted on 11 January 2021
Please cite relevant sections or enactment.
44 Reply
On 11 January 2021 at 15:19
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Accountant
4533 Points Posted on 16 January 2021
Itr 3
19 Reply
On 16 January 2021 at 22:28


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