deepika (ab) (38 Points)
17 August 2012Hi All.
My Frnd worked with a private Insurance company for a few months and Got commission of Rs 2000 after deduction of Tax @ 10% u/s 194 D. She has no other Income and if she wants a refund of This TDS.. Pls Tell The recourse Available????
Is she required to file ITR-4 declaring income of Rs 2000??? Kindly clarify
Thanks and Regards
CA. Subhash Dangi
(Chartered Accountant)
(1784 Points)
Replied 17 August 2012
It is advisible to file ITR - 1 to get refund by disclosing the commission under 'Income from Other Sources ' as it is one time transaction during the particular financial year.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 17 August 2012
wait 1 min.
in Rs 2000/- how did he survived for the whole year?( actually 2000 minus 200 tds= 1800) when ito will ask the query that how one can maintain himself @ 150 pm?
so before filing, calculate your other source of incomes also then proceed for filing the return and claim the refund right way .
deepika
(ab)
(38 Points)
Replied 17 August 2012
It ws one time transaction as rightly said by Subhash Sir.. Kind of Part time thr is nthing like surviving on that 1800 only..
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 17 August 2012
yes its one time transaction, but is it all income of the assesee? is there nothing like bank interest , other income etc?
ITR is not filed for only one time income, but it consolidates all incomes of the assessee for the specific year. :)
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