Dear All kindly help me i got commission from Pvt Company they issued from no 16A , no other source of income my TDS deducted amount is Rs 34000. can i get refund this full amount & which ITR form is suitable for filing?
5 Replies
ramcharan
(articled assistent)
(367 Points)
Replied 25 June 2013
ITR-1 is apllicable in your case, if you have no other income other than commission, and you can get the full amount as refund
....
thanks ®ards
Ram Charan
CA Shruti Gupta
(CMA FINAL CS Final)
(1434 Points)
Replied 25 June 2013
HI Friend
as ou told me you got commission from a private limited company on which tds is deducted you have no other income than file itr no. 2 and shoewincome as income from other sourses and claim refund after tax settlement if any (if income exceed 200000)...
ramcharan
(articled assistent)
(367 Points)
Replied 25 June 2013
sorry yaar ITR-1 is only interest and family pension,,,,,,,........... Go for ITR-2
Aashutosh Bhide
(Article)
(104 Points)
Replied 25 June 2013
if you are showing incoime as other source file ITR 2 or showing as business / profession income file itr 4.. about refund : u can claim expenses against your income .. deduct investment u/c VI .... calculate tax on taxable income and then calculate refund amounnt...
rajeev
(Accountant)
(159 Points)
Replied 26 June 2013
Aashutosh Bhide
is perfectly right. Commission is a Professional income that ITR 4 is applicable.
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