Income tax

jojo (Querist) 19 August 2015 This query is : Resolved
Am working as a teacher in private school and earned commission in business (Not insurance). TDS deducted in my commission. Which form I used for IT return filing.

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R.K Nanda (Expert) 19 August 2015
consult tax lawyer.

Rajendra K Goyal (Expert) 20 August 2015
Visit Income Tax site and know which return form suits your need.

Guest (Expert) 20 August 2015
Consult the CA Club of this Same Forum For A Professional Practical Suggestion from Chartered Accountants.

B.Chakrapani Warrier (Expert) 20 August 2015
If you consider teaching as your main vocation and commission income is meagre when compared with salary, ITR-1 will suffice.

If the situation is other way round and incidence of commission is recurring, ITR-4 is required since commission will be considered as income from 'business'.

Guest (Expert) 20 August 2015
Well Advised by Mr.B.Chakrapani Warrier Being A Professional C.A. Him Self

K.S.Srinivas (Expert) 20 August 2015
Consult a Tax Consultant or visit CA club site.

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