i have income from brokergae/ commision(approx 2 lac). I recieved form 16A from the main brokerga efirm , for which i work. besides this i have interest income from FD. I dont have any balance sheet or P&L statement. WHICH ITR SHOULD I FILE?
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Which itr to file
Replies (9)
You are required to file ITR 3 and select option of BOA not maintained.
what if i file itr 1 and show this as salary , as itr3 there is lot of confusion.
You cannot show it as salary as you have been issued form 16A (other than salary). You can file ITR -1, and show commission (if not working as an agent) and interest under the head of income from other sources.
sir, what do u refer as agent? i am a sub broker under angel broking pvt LTD. so am i qualify to file ITR 1 and show the income under other source?
No, if you received brokerage as a broker then it is taxable under head profit and gain from business and profession. You will have to file ITR 3 .
but i am working under angel broking , they r taking taking the brokerage from client, from there they r proving me sharing . for that they deducted TDS and issued form 16A. So wat to do?
I would also recommend that if the if the amount of commission is small then fill ITR-1 as ITR 3 is a bit complicated and requires a lot of details. and if the amount of commission is Substantial then go for ITR-3.
If you file ITR 1 show it under head IFOS.
If you file ITR 1 show it under head IFOS.
hi sir, commision is 2 lac. and FD interest income is 90000 . whats ur suggestion?
Go for ITR 1 as ITR 3 is a bit complicated and requires a lot of details.
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