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.
RAJ KUMAR (FINANCE MANAGER) (1393 Points)
20 June 2010HELLO 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.
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
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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