Commission Income

ANIL KUMAR JAIN 1
Viewed 1484

I have a property commission income for Rs 1.5 lac, which was received by me by a broker and TDS for Rs 15000/- also deposited to IT Deptt and a rent income for Rs 40,000/- with a joint name house. Which ITR form should I use.

commission-income rental-income income-tax-return
1 Answers

Property income would be considered as income from business/profession, so you would need to file returns with ITR-4.

Pankaj Batra5212

thanks for your reply, pls suggest me that can I file ITR2 with INCOME FROM OTHER SOURCES FOR THE COMMISION AND RENT INCOME INSTEAD OF ITR4 ? I do't want to book any expanditure for commision income under property business.

ANIL KUMAR JAIN•

Commission income cannot be treated as income from other sources. Rental income has other section as income from house property. You will have to file using ITR-4.

Pankaj Batra•

Thanks a lot sir

ANIL KUMAR JAIN•
Related