Dear sir.mam
I am doing business of electronic item .letter I started DTH recharge service for that I received as commission .company deducted some amount of TDS and issued form no 16 a .am filing ITR 4 in that by sale of goods income shown as income from business .but where to show comision in other source or add in income from business
8 Replies
CA Bhavik Soni
(867 Points)
Replied 21 August 2018
commission income is to be shown under business income head.
Krati Agrawal
(79 Points)
Replied 21 August 2018
In my opinion, if your main business is trading in electronic items, then commission received should be shown under Income from other sources
sunil
(executie)
(185 Points)
Replied 21 August 2018
a m filing ITR 4 business income auto populated ie 8 % sales
sales include sale of goods and service but is actual no saperate comision cr to bank account but form 16 a show some amount
sales include sale of goods and service but is actual no saperate comision cr to bank account but form 16 a show some amount
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 21 August 2018
Which sec TDS deducted...?
sunil
(executie)
(185 Points)
Replied 21 August 2018
comision given in form of recharge balance not as commission cr to bank ac. so that whatever value of recharge given as comision for that deducted TDS and issued form 16 a
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 21 August 2018
Bro,...
Thanks for the Details...
Check Out Your form 26AS / Form for which sec TDS deducted... Then come back again to here...
Note :
In normal procedure You can't file ITR 4 if You declare the Income (except Trading & Service) as Commission Income...
Go to File ITR 3...
Thanks for the Details...
Check Out Your form 26AS / Form for which sec TDS deducted... Then come back again to here...
Note :
In normal procedure You can't file ITR 4 if You declare the Income (except Trading & Service) as Commission Income...
Go to File ITR 3...
sunil
(executie)
(185 Points)
Replied 21 August 2018
thank you sir for information .Only ITR 4 submission is pending
before that I want to clarify so I taken some help from expert
before that I want to clarify so I taken some help from expert
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 21 August 2018
Yeah... Check the sec which is Deducted TDS
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