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Itr form for commission

SUNNY (STUDENT CS) (377 Points)

27 July 2011

person who having income from comision & other sources in asst year 2011-12

which itr form he will file iITR - 4s or ITR- 2 ?

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15 Replies

RONAK DARJI (CA FINAL) (382 Points)
Replied 27 July 2011

Dear Mr.Sunny,

As per my knowledge Commission as well as other income will fall in ITR-4.

Above statement is given by my own experiance of filing return.

Regards,

Ronak Darji

e-mail: ronak.jdarji @ gmial.com

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SUNNY (STUDENT CS) (377 Points)
Replied 27 July 2011

Ronak sir comission is the part of income from other sources, so it comes under ITR-2

CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 27 July 2011

Originally posted by : DEOL SUNNY
	Ronak sir comission is the part of income from other sources, so it comes under ITR-2

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(Guest)

Originally posted by : DEOL SUNNY
	Ronak sir comission is the part of income from other sources, so it comes under ITR-2

1 Like

Aparna Raja K.C (Student) (520 Points)
Replied 27 July 2011

It will be ITR 4s..

give it under presemptive income.. ie 44AD...

and give the rate at 100% or lower rate...

if u can provide profit and balancesheet then go for ITR 4

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satish kumar Chauhan (accountant) (347 Points)
Replied 28 July 2011

Agrid with aparna raja

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Nirmal (B.Com, M.Com, CAFinal) (93 Points)
Replied 28 July 2011

If Commission income You want to Show As other income Then fill up ITR-2

In case of Commission Income Treated as Bussiness Income Then Fill up ITR-4

Both Options Available

Tahnx

(Guest)

Generally commission income considered as business income so, ITR-4 should be filed...n if u treated commisssion as other source then only go for ITR-2.

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SUNNY (STUDENT CS) (377 Points)
Replied 28 July 2011

in option OF ITR-4 WHICH ONE IS FILE ITR- 4 OR ITR-4S

Nirmal (B.Com, M.Com, CAFinal) (93 Points)
Replied 28 July 2011

In Option Of ITR-4

ITR-4 OR ITR-4S is Available

If u have normal Commssion income treat as bussiness income then ITR-4

and In case of Commission of an Insurance Agent i.e. LIC Agent etc. Then ITR-4S Should be Fill up

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Aparna Raja K.C (Student) (520 Points)
Replied 28 July 2011

Go for ITR 4S... i have filed many returns of Insurance agents.. so pakka... u go for that :P

bhalchandra (accountant) (27 Points)
Replied 18 December 2014

Non-eligibility for SUGAM ITR-4S Form [4][edit] Individuals and Hindu Undivided Families who are have earned any Income through the following sources are not eligible to fill the SUGAM ITR-4S More than one House Property Lottery, Racehorses, Legal Gambling etc. Non Tax Exempt capital gains both Short term as well as Long term Agricultural means exceeding the amount of Rs. 5000 Speculative Business and other Special category incomes A Profession as per Sub Section (1) of Section 44A An Agency or as Commission or Brokerage Any means that is located outside the Indian Territory

CA.Arun (M.COM,ACA,ACS,CMA) (Proprietor) (40 Points)
Replied 17 April 2016

Eligible Businesses u/s 44AD

The taxpayer may be in any business – retail trading or wholesale trading or civil construction or any other business to avail this scheme. But this method of income computation is NOT applicable to: