CS RAJESH C.CHOUDHARY
(ASSISTANT MANAGER)
(14607 Points)
Replied 07 July 2012
Form ITR-1[Sahaj] is applicable if Assessee has Income from Salary / Pension.
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 07 July 2012
For salary income, download ITR-1 SAHAJ form
If commission is treated as business income, then download ITR-4 form.
If not, then ITR-2.
Regards
CA Sanjay Bag
(CHARTERED ACCOUNTANT)
(3340 Points)
Replied 07 July 2012
Ya, I support the view of Mr. Prateek Agarwal.
CA.Saibaburao Nanduri
(Chartered Accountant)
(3847 Points)
Replied 08 July 2012
Dear Mr. Prakrut !
SAHAJ- ITR-1 Return Form is to be used by an individual whose total income for the assessment year 2012-13 includes:-
(a) Income from Salary/ Pension; or
(b) Income from One House Property (excluding cases where loss is
brought forward from previous years); or
(c) Income from Other Sources (excluding Winning from Lottery and
Income from Race Horses).
2. Assuming that the dealer is doing ‘Commission’ business, ITR-4 is the appropriate form to file the return of income
CAclubindia
