15 June 2011
if my commission income is only Rs. 10,000 and TDS Rs. 1,000 has been deducted by company.now for refund purpose i have to file my return of income.what ITR form should i file whether regular ITR4 or ITR4s.in this scenario what figure will be considerd as my turnover.if my turnover is considered Rs. 10,000 then can i show all this amount (100% instead of 8% as described in 44AD) as my total income while i have no any expenses to be deducted from this gross profit/receipts,and there is no any other income at all.
15 June 2011
my nature of business/profession falls in code 0301 as a general commission agent.i receive commission and not interest.then how can i go for ITR2.i declare my presumptive income Rs 10,000 on the basis of my annual gross receipt of Rs 10,000. then why souldn't i file ITR4s?---pl sir, make it clear. pl ref https://www.caclubindia.com/experts/for-commission-income-which-form-i-use-itr-4-or-sugam-itr4s--672200.asp
CAclubindia
