Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

ITR FORMS

Bishal Dutta (101 Points)

18 May 2018

which form should be used for salary and commision income less then 50 lakh?

Reply
Follow
Share

13 Replies

rama krishnan (12234 Points)
Replied 18 May 2018

ITR 1

2 Like

Upgrade to CAclubindia Pro. Subscribe Now!

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 18 May 2018

ITR-3.....

RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 18 May 2018

ITR 1 is suitable if You will show the Commission income as IFOS...

ITR 3 is suitable if You will show the Commission income as Same nature...

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 18 May 2018

Commission income is less than 50 lakh(such a big amount) means it is his business & same is to be shown as Income from business & therefore ITR-3 required to be filed.....

RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 18 May 2018

Yeah... May be...
But,
As per my reply., If it's shown as Commission then can he move with ITR 3..

Otherwise no need...
Generally go with ITR 1. No more restriction.

Upgrade to CAclubindia Pro. Subscribe Now!

Bishal Dutta (101 Points)
Replied 18 May 2018

I mean to say My gross total Income is less then 50 Lakh in which i earned 10 lakh from salary and 70 thousand from commision

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 18 May 2018

Commission from where ???

Bishal Dutta (101 Points)
Replied 18 May 2018

Networking Business my tds has been u/s 192 and 194 h

RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 18 May 2018

Originally posted by : Bishal Dutta
	Networking Business my tds has been u/s 192 and 194 h

Sorry Dear.,

No more other option....

File ITR 3.....

Bishal Dutta (101 Points)
Replied 18 May 2018

Thank u sir.......

Upgrade to CAclubindia Pro. Subscribe Now!

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 18 May 2018

ITR-3 is required to be filed.....

GST Consultant (Tax Consultant) (894 Points)
Replied 10 June 2018

ITR Form-1 (Sahaj) can be filed by an individual who is resident other than not ordinarily
resident, having income upto Rs.50 lakh and who is receiving income from salary, one
house property / other income (interest etc.)
commission income in your case seems to be other income only. hence ITR-1 will be applicable irrespective of the fact that TDS was deducted.

rama krishnan (12234 Points)
Replied 10 June 2018

ITR 1 required to be filed. when an assessee has income from more than one head, the substantial source of income head to be taken as main source of income and ITR to be filed accordingly. here main source of income is salary hence ITR 1 required to be filed