If an full time employee receives commission of rs 25000 and tds deducted u/s 194 H . Now can he use ITR-1 or Itr -4 .
R
Which itr to be file
CA SHIVAM TANDON (0) (76 Points)
27 July 2013
7 Replies
Pakshal Shah
(Practicing Chartered Accountant)
(271 Points)
Replied 27 July 2013
According to me itr 1.
Bhav Bhuti Sharma
(Towards Professionalism )
(823 Points)
Replied 29 July 2013
USE ITR 1 to file the return
Attached File : 178325 1210942 itr1 2013.zip downloaded: 146 times
Mahalakshmi Gayathri
(Student CA Final )
(50 Points)
Replied 29 July 2013
In my view, ITR 1 to be used.
CA. Sonali Gupta
(Practise)
(96 Points)
Replied 29 July 2013
If commission is received from same employer than it will be treated as part of salary and ITR-1 will be applicable. If Commission received from other than employer than it will be treated as business income and ITR-4 or 4S will be applicable subject to maintainence of account books.
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