Which ITR should be file if a person earn income from:-
>Salary
>Commission & Brokerage
>Technical Services
Deepak Singh Rawat (Article Assistant) (53 Points)
21 July 2012Which ITR should be file if a person earn income from:-
>Salary
>Commission & Brokerage
>Technical Services
Roshan Thomas
(C.E.O )
(356 Points)
Replied 21 July 2012
Commission & Brokerage and Technical Services come under Profits or Gains from Business or profession - therefore You will have to use ITR 4 or 4S respectively depending on your turnover.
If your turnover from business activities is less than 60 lakhs you can opt for presumptive taxation and compute income @ 8% of turnover - In this case ITR 4S will suffice. Instead if you want to declare income less than 8% of the turnover then you will have to maintain proper accounts and get it audited in which case ITR 4 is required
You can download ITR from this link
https://incometaxindiaefiling.gov.in/portal/individual_huf.do
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