HELLO FRIENDS, CAN ANYBODY TELL ME IF THE PERSON HAS COMMISION INCOME FROM SALE OF VEHICLES AND SALARY INCOME ALSO WHICH ITR HE FILL WHETHER ITR 1 OR 4. PLS. HELP ME. I AM IN GREAT NEED.
1 Replies
FATEMA
(CHARTERED ACCOUNTANT)
(719 Points)
Replied 06 August 2010
Dear Raj,
If earning commission on sale of vehicles is the assessee's business then it will be chargeable under the head "Profits & Gains from business or profession" and you will use ITR 4. Otherwise it will be chargeable under the head "Income From Other Sources" and you will use ITR 2
Regards,
Fatema.
Recent Topics
- Clarity regarding Sec 16(4)
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
Related Threads
CAclubindia
