Which itr to be filed

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2013 Dear Sir,

I have earned income from salaries & Commission & brokerage 194H from the same employer the details are as follows:
Salary Income: Rs 7,20,000
Commission & Brokerage: Rs. 1,00,000

My TDS deducted for salary Rs 76000 & on Comm.Rs 10,000.

I didn't file my ITR upto till date.
Pls suggest which ITR needs to be filed and how computation of tax calculated.

Can I shown my Comm. Income under Other Sources income as I earned first time. So I can enable to file ITR -1

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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15 October 2013 You need to file itr-4 as you have business income and you must declare both income from salary and income from Business in it.

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Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2013 Sir, the same income earned from the same employer during my job.

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Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2013 Sir, the same income earned from the same employer during my job.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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15 October 2013 If u dont have any separate commision business and commision is part of your salary then file itr-1 only.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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15 October 2013 since the employer has treated you as a professional/external consultant with respect to the commission income, you need to file ITR 4.

You also claim expenses incurred to earn such commission/ brokerage income

Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2013 Sir, I have been working for a concern & thereafter I will get comm. income. My 26 AS shown income from Sec 192 & 194H separately and tds certificates given by my employer itself. I have no other business.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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15 October 2013 had commission income part of your employment terms, your employer would have added it to your salary. But since he hasn't please go ahead and file ITR4. it is beneficial to you as you can claim expenses against it.

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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15 October 2013 In this case file itr-4 as you have separate business income from commision.

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Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2013 Dear Sir, I don't have any business & I have earned Commission income from my employer which will already stated in my appointment letter.

But My employer issued separate form 16 for salary income & form 16a for comm. income.

CA Parul Saxena

CA Parul Saxena (Expert)
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15 October 2013 But the employer has deducted TDS under section 194H on your commission part so you are supposed to file ITR-4 only.

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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15 October 2013 See, by deducting tds under 194H your employer is suggesting a separate relationship on principal to principal basis unlike employer employee relationship.

Therefore kindly file Form ITR4.

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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15 October 2013 When a deductor deductees TDS under sec 194H then it is deemed to be business income irrespective of your dedcution done by your employer.

So file itr-4 only as disclose both salary and business income.

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)
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