NILAY BARAT (DEPUTY MANAGER FINANCE & ADMINISTRATION) (41 Points)
04 August 2015IF AN INDIVIDUAL HAS BOTH SALARY AS WELL AS LIC COMMISSION INCOME IN FINANCIAL YEAR 2014-2015. THEN WHICH ITR FORM IS APPROPRIATE FOR THE INDIVIDUAL FOR SUBMITTING RETURN FOR THE ASSESSMENT YEAR 2015-2016?
darshan
(PROPRIETOR)
(28 Points)
Replied 05 August 2015
-i am a seller in snapdeal
-i do not have a tan number
-snapdeal and flipkart are saying that it is not mandatory to have tan number
-if my commission amount crosses 5000 in a year
-i will get charged for tds or not
-if i get charged for tds , how will i get my tds reimbursement if i do not have a tan number
SNAPDEAL SAYS SELLER SHOULD FILE THE TDS AND SEND THE CHALLAN TO THEM
SO CAN I FILE TDS WITHOUT TAN NUMBER
Deepak sharma
(Learner)
(1431 Points)
Replied 05 August 2015
Dear @ Darshan
-> You no need to have TAN, you should have TIN Number.
-> deducted TDS will be reimbursed through your PAN, When you will file your Income Tax Return pertaining to financial year
madhu
(CA Practice )
(792 Points)
Replied 05 August 2015
you have to file ITR-4 for salary income as well as LIC commision
Jaspal Singh
(Practising CA)
(449 Points)
Replied 05 August 2015
CAclubindia
