HELLO FRIENDS, IF APERSON EARNS POST OFFICE COMISSION OF RS. 50000
WHETHER IT IS THE BUSINESS INCOME AND WHICH ITR IS TO BE USED
IS THERE ANY ADHOC DEDUCYION ON POST OFFICE COMISSION ALSO.
PLS. TELL ME.
3 Replies
SIVASIVA
(FCA, Future CA)
(4935 Points)
Replied 20 June 2010
Yes, Raj kumar it is surely a business income. for th same, expenses can be claimed.
The ITR 4 should be used in respect of AY 2010-11
Namita
(CA Practice)
(41 Points)
Replied 20 June 2010
There is no adhoc deduction in case of Post commission received only thing is that you can simply claim the normal expenses relating to the income received towards business exps.
Amir
(Learner)
(4016 Points)
Replied 20 June 2010
Recent Topics
- Clarity regarding Sec 16(4)
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
Related Threads
CAclubindia
