I am having PF pension, FD interest, commission out of sale of mutual fund and insurance policy. Which ITR form to be used
Can I get deduction on maintaining office running expenses.
Thanks in advance
3 Replies
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 04 November 2021
In such case, if an individual is earning only from the commission and his total income does not exceed Rs 50 Lakh can use ITR-1 to file the return. But, if his total income exceeds Rs. 50 Lakhs then he will be required to use ITR-2 provided he doesn't have any income from business and profession.
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Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 05 November 2021
File ITR 3, with commission income under head PGBP. You can claim office and similar other business expenses.
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