I have received ruppes 17 lakhs as commission by way of my work with bajaj finance. tds of rs 87000/- has been deducted. can i file return under presumptive scheme itr 4. or will this income be shown as income from other sources. kindly advice.
John Mcguire (Professional) (245 Points)
15 June 2019I have received ruppes 17 lakhs as commission by way of my work with bajaj finance. tds of rs 87000/- has been deducted. can i file return under presumptive scheme itr 4. or will this income be shown as income from other sources. kindly advice.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171381 Points)
Replied 15 June 2019
Being income from commission, you cannot opt for presumptive assessment. You need to declare it as PGBP income under normal assessment, by filing ITR 3.
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 15 June 2019
File ITR 3 and claim expenses against income.
Kamal Verma
(Financial advisor)
(579 Points)
Replied 15 June 2019
Yes, prepare financial statement and claim relevant expenditure incurred in earning commission.
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