i have salary and commission income for fy 2019 20. commission income is from referring customers to a business.
which itr is to be filed itr 2 or itr 3?
Menu
Which itr to be filed itr 2 or itr 3
Replies (7)
Quick Summary
How much commission income have you earned during the year..??
Itr 3..
If the commission income is not big, show it in other sources head and you need not file ITR 3.
Right
commission is rs 5 lakhs and salary is of 180000
From whom you received commission
Dear Saurabh,
In regards to your query, if salary income is the primary source of income then you can file ITR -1 where you can show commission income under the head of Other sources. But if commission is the primary source of income then this is considered as business income and ITR-3 or ITR 4 as per your turnover will be filed.
If your are not fine with the reply, kindly elaborate your question more in light of the above view.
Recent Topics :
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
Related Topics :
CAclubindia
