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 :
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
- Eway and e invoicing in condition where 4 party ar
- Bank balance in ITR-3
- INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
- Tempsens Instruments IPO GMP Allotment Listing dat
- Upload Type - Correction. Not showing in TDS filli
- Partnership tax audit query
- ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V
- Form 146 foreign remittance us citizen
Related Topics :
CAclubindia
