ITR FORMS
Bishal Dutta (101 Points)
18 May 2018
which form should be used for salary and commision income less then 50 lakh?
13 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 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...
ITR 3 is suitable if You will show the Commission income as Same nature...
CA Rashmi Gandhi
(Chartered Accountant)
(86323 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...!!!")
(128091 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.
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.
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)
(86323 Points)
Replied 18 May 2018
Commission from where ???
RAJA P M
("Do the Right Thing...!!!")
(128091 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.....
CA Rashmi Gandhi
(Chartered Accountant)
(86323 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.
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
(12239 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
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