Sir commission from malik transportation h to 44ad me dal skte h kya kyuki 44ad me to only insurance commission exclude h ya sare type k commission exclude hoge
Hi sir I have salary + brokerage income... Show which itr file itr1 ya itr 3... Total income below 5lac...and tds deducted under 194h .... Which itr file required for tds refund??
If you have Commission Income is incidental to main occupation than you can show Commission Income under Head Income from other source in ITR-1 Otherwise you have to file ITR-3 along with Profit and loss Account and Balance Sheet
Sir, one of my friends commission income from other sources is 46,000 and tution income is 40,000 . Total 86000, filed ITR 1 as other income and got defective notice. Please suggest what to do.. can I Mark disagree and continue.. urgent please respond
@@er.debasishroy there is some issue at CPC while processing ITRs this year......As per Income Tax Rules you can disclose Commission income under head Income from other Sources if it is received occasionally or not from regular business but this year Income Tax Department is sending defective notices if comission income under head Income from Other source .....now it is better to revise your Return and show commission income under head Income from Business and Profession.
@@sakshisharma-re3jbMy salary is arround 4 lac and merko 50 k ki commission recieved hui hai jispr tds around 2800 deduct hua hai Iss case me ITR 1 select kr skta hu?
I am a salaried person. 100 rs if I refer an application to my friend. If income is shown as business in AIS REPORT then under which head should be shown in ITR
@@iqrazonecommerce6126 You can file ITR-1 IF no other Income (Other Than Salary Income plus Referral Income)..... Change Other source in TDS section also
Sir, I got one time commision/brokerage and it's showing in my AIS and 5% TDS was deducted by the payee. Now do I have it as income from other sources and pay tax as per my income tax slabs ?
You can file ITR-1 by Declaring Commission Income under Head Income from other source, you have to pay tax after adjusting TDS deducted according slab rate considering other incomes if any.
@@InderjeetSunda sir actually case aisa hai ki, gas cylinder agency hai -reliance eg, or retial sale karte on commission u/s 194 H or expenses bhi hai iske samne And unka retial shop bhi but commission income jayda hai retial shop. To itr-4 mein commission income ko business income nahi dikha sakte
Sir muje 264000 salary milti h aur mne kisi company ke product sale kiye jisse muje 290000 commission ayi tds v deduct hoa to muje kon c itr file krni h aur commission kha dikhani h
You can file ITR-1 showing Commission Income under Head Income from other source without claiming expenses against such Commission or you can file ITR-3 showing Commission Income under Head PGBP along with P&L and Balance Sheet, you can claim expenses against such Commission Income in ITR -3.
You can file ITR-1 By Declaring Commission Income Under Head Income from other source and also change Nature of Income/ Head Income to Other in TDS Schedule.
If You want to show expenses against Commission Income than You have to file ITR 3 along with Profit and loss Account and Balance sheet, Commission Income to shown under Commission in Profit and Loss Account.
Bhai maine ek plot sale karwaya h usme mujhe cash commission mila hai 10 lakh dono party se 5 5 lakh krke.. Mai itr me kaise dikhaunga isko or mere pas to koi paper nhi hai commission ka wo to bs cash diye h mujhe. agar itr notice aaya to kya bolunga unnhe.. Please reply
As Per Section 269ST of Income Tax Act 1961 if You accept/receive Rs. 2 Lakh or More in Cash in Single Day or against Single Transaction in Multiple Days than penalty equal to amount received will be levied on you.
@@InderjeetSunda Do I need to add B/S or P/L account in such case for the said individual in ITR 3 for such a case? or can I simply file ITR 1 with this as income from other sources?
@@SubhamSatapathy You have to show Hereditary Commission Income under Head Income from other Source and if you show Commission income under Head Income from other source than you need not to file Balance Sheet and Profit and Loss Account.
Sir main coal field limited(ccl) Main commision pe work kr raha hu coal lifting ka kam hai jispe commision milta hai.. Suggest kijiye mujhe kon sa itr form file Krna chaiye... Or payment mere hi bank account main aata hai jisko main party ko pura payment ke deta hu ye mere account main dikh raha hai... Esse koi problem hai ya notice aa skta hai kiya thoda bataye or kon sa itr form bharana chaiye
In this case You Need to file Your ITR. Your ITR is depends on Nature of your Income. First you need to check your 26AS, If TDS is deducted u/s 194C than file ITR-4 Declaring income u/s44AD and If TDS is deducted u/s 194H than file ITR-3 along with Balance Sheet and Profit & Loss Account.
Very Nice Video Bro. One commission income which is not related to Business Income is appearing in 26AS u/s 194H. Can we file Business Income u/s 44AD and commission income under Income from Other sources in ITR-4?
Yes You Can File ITR 4 after Showing Commission Income under Head Income from Other Sources and also Choose Income source Under TDS Schedule as Income Chargeable under Head Income from other Sources.
@@InderjeetSunda Thanks for the reply bro, Is it okay to give description as "Commission" while adding that income in IFOS or Just write as "Misc Income"?
Sir commission from malik transportation h to 44ad me dal skte h kya kyuki 44ad me to only insurance commission exclude h ya sare type k commission exclude hoge
How to Report Presumptive Income - 44AD/44ADA/44AE in ITR-3 without P&L Account and Balance Sheet |
th-cam.com/video/ec4oOlmaqLw/w-d-xo.html
Sir, 194 H me credit amount and Tds amount hai , indono me konsa amount Itr 1 me fill up hoga.. please reply it..Thank you
Sir can i ignore 26as entry of rupees 112 and 125 beokrage and dividend income
It is better to show in your ITR even if small amount.
Sir commission from malik transportation h to 44ad me dal skte h kya kyuki 44ad me to only insurance commission exclude h ya sare type k commission exclude hoge
Hi sir
I have salary + brokerage income... Show which itr file itr1 ya itr 3...
Total income below 5lac...and tds deducted under 194h ....
Which itr file required for tds refund??
Sir your reply wait??
If you have Commission Income is incidental to main occupation than you can show Commission Income under Head Income from other source in ITR-1 Otherwise you have to file ITR-3 along with Profit and loss Account and Balance Sheet
Ok sir.
I will fill itr 1....
Refund will be conform.??
I have income from salary, short term capital gain on sale of stock & commission income 194H in small amount 96rs which itr to be filled
Sir, one of my friends commission income from other sources is 46,000 and tution income is 40,000 . Total 86000, filed ITR 1 as other income and got defective notice.
Please suggest what to do.. can I Mark disagree and continue.. urgent please respond
@@er.debasishroy there is some issue at CPC while processing ITRs this year......As per Income Tax Rules you can disclose Commission income under head Income from other Sources if it is received occasionally or not from regular business but this year Income Tax Department is sending defective notices if comission income under head Income from Other source .....now it is better to revise your Return and show commission income under head Income from Business and Profession.
I have income from salary, short term capital gain on sale of stock & commission income 194H in small amount 96rs which itr to be filled
Itr 2
I have sale of securities and mutual funds transactions in AIS but no capital gain overall. Can I skip or still need to show this?
It is better to show in ITR.
@InderjeetSunda sir salary income around 14 lacs and one commission income of 2 lacs 5%tds already deducted which form should I filed plz suggest
Itr 1 as salary amt is more than commission. You can show commission as incme frm other sources
@@sakshisharma-re3jbMy salary is arround 4 lac and merko 50 k ki commission recieved hui hai jispr tds around 2800 deduct hua hai
Iss case me ITR 1 select kr skta hu?
I am a salaried person. 100 rs if I refer an application to my friend. If income is shown as business in AIS REPORT then under which head should be shown in ITR
@@iqrazonecommerce6126 You can file ITR-1 IF no other Income (Other Than Salary Income plus Referral Income)..... Change Other source in TDS section also
@@InderjeetSunda
Sir kon se head me batana he
Sir, I got one time commision/brokerage and it's showing in my AIS and 5% TDS was deducted by the payee. Now do I have it as income from other sources and pay tax as per my income tax slabs ?
You can file ITR-1 by Declaring Commission Income under Head Income from other source, you have to pay tax after adjusting TDS deducted according slab rate considering other incomes if any.
Sir i am state govt. salaried person and have minimum amount(under Rs.6000) of insurance commission (194 D) ,which itr should i file itr 1 or itr 3.
File ITR 1 and Show Commission Income under Head Income from Other Sources.
Thank you for your replay sir🙏
Sir, only commission income hai textile market ka, please inform konsa form file karna hai
If you show your Commission Income under Income from other sources than ITR-1 and if show Commission Income under PGBP than ITR-3
@@InderjeetSunda thanks for reply, kya show karna correct hoga, PL BS to nahi hai
@@jeevanlingayat4934 ITR -1 PL and Balance sheet not Required. But In ITR-3 PL and Balance sheet is mandatory
@@InderjeetSunda thank you sir
Tax on Income from Investment in IPO or Shares | IPO में निवेश करने से पहले जानें टैक्स प्रावधान |
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Sir ITR-4 file kar sakte hai
If You show Commission income under Head Income from other source and Other Business Income under 44AD/44ADA/44AE than you can File ITR-4.
@@InderjeetSunda sir actually case aisa hai ki, gas cylinder agency hai -reliance eg, or retial sale karte on commission u/s 194 H or expenses bhi hai iske samne
And unka retial shop bhi but commission income jayda hai retial shop.
To itr-4 mein commission income ko business income nahi dikha sakte
@@hariprakashpareek9073 then You have to file ITR-3 along with Balance Sheet and Profit & Loss Account
Sir muje 264000 salary milti h aur mne kisi company ke product sale kiye jisse muje 290000 commission ayi tds v deduct hoa to muje kon c itr file krni h aur commission kha dikhani h
You can file ITR-1 showing Commission Income under Head Income from other source without claiming expenses against such Commission or you can file ITR-3 showing Commission Income under Head PGBP along with P&L and Balance Sheet, you can claim expenses against such Commission Income in ITR -3.
@@InderjeetSunda thanku very much sir
I am salaried person aslo have commission (194 H) income, which itr should I file?
Itr - 1 or itr-3
You can file ITR-1 By Declaring Commission Income Under Head Income from other source and also change Nature of Income/ Head Income to Other in TDS Schedule.
@@InderjeetSunda Thanks sir,
@@InderjeetSunda can I show expenses for commission income?
If You want to show expenses against Commission Income than You have to file ITR 3 along with Profit and loss Account and Balance sheet, Commission Income to shown under Commission in Profit and Loss Account.
@@InderjeetSunda thanks for replying sir
Bhai maine ek plot sale karwaya h usme mujhe cash commission mila hai 10 lakh dono party se 5 5 lakh krke.. Mai itr me kaise dikhaunga isko or mere pas to koi paper nhi hai commission ka wo to bs cash diye h mujhe. agar itr notice aaya to kya bolunga unnhe.. Please reply
As Per Section 269ST of Income Tax Act 1961 if You accept/receive Rs. 2 Lakh or More in Cash in Single Day or against Single Transaction in Multiple Days than penalty equal to amount received will be levied on you.
@@InderjeetSunda Can you file my ITR and manage things.. Because i already deposit that money in the bank..
@@Quit-r6r share your details on mail iks9957@rediffmail.com
Sir 36,000 ki brokerage income he kaha show karni rahegi ?
Where does hereditary commission come?
Hereditary Commission need to be shown under Head Income from Other Sources.
@@InderjeetSunda Do I need to add B/S or P/L account in such case for the said individual in ITR 3 for such a case? or can I simply file ITR 1 with this as income from other sources?
@@SubhamSatapathy You have to show Hereditary Commission Income under Head Income from other Source and if you show Commission income under Head Income from other source than you need not to file Balance Sheet and Profit and Loss Account.
Sir main coal field limited(ccl) Main commision pe work kr raha hu coal lifting ka kam hai jispe commision milta hai..
Suggest kijiye mujhe kon sa itr form file Krna chaiye...
Or payment mere hi bank account main aata hai jisko main party ko pura payment ke deta hu ye mere account main dikh raha hai...
Esse koi problem hai ya notice aa skta hai kiya thoda bataye or kon sa itr form bharana chaiye
In this case You Need to file Your ITR. Your ITR is depends on Nature of your Income. First you need to check your 26AS, If TDS is deducted u/s 194C than file ITR-4 Declaring income u/s44AD and If TDS is deducted u/s 194H than file ITR-3 along with Balance Sheet and Profit & Loss Account.
Very Nice Video Bro.
One commission income which is not related to Business Income is appearing in 26AS u/s 194H.
Can we file Business Income u/s 44AD and commission income under Income from Other sources in ITR-4?
Yes You Can File ITR 4 after Showing Commission Income under Head Income from Other Sources and also Choose Income source Under TDS Schedule as Income Chargeable under Head Income from other Sources.
@@InderjeetSunda Thanks for the reply bro,
Is it okay to give description as "Commission" while adding that income in IFOS or Just write as "Misc Income"?
Write Commission Income
@@InderjeetSunda Okay bro. Thanks for the clarifications. Much appreciated.
Sir is per commission income per full itr file karke dikhaiye sir plz mera bahot nuksan ho gaya plz
Will try to upload video on this topic very soon. Until you can ask your query.
Sir commission from malik transportation h to 44ad me dal skte h kya kyuki 44ad me to only insurance commission exclude h ya sare type k commission exclude hoge