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Itr-4s sugam, 44ad and income from other sources

Mohit kumar (Developer) (36 Points)

05 December 2016

Hello,

I run a grocery shop and my turnover is less then 1crore and I want to file income tax return by filling form ITR-4S Sugam to benefit from 44 AD. I also earn small commissions regularly, now my question is how can I declare this commission amount in ITR-4S Sugam form? I know that commissions will not be covered under 44AD but where else I have to put this extra income while filing return?

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7 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 05 December 2016

If it is not your main/regular source of income, it can be assessed under "Income From Other Sources"

Mohit kumar (Developer) (36 Points)
Replied 05 December 2016

Thanks Mr. Dhirajlal, situation is this for example: I receive 100 rupees into my bank account for sale of products and I transfer 80% to the supplier after deducting 20% of my commission for my services. Supplier does the fulfilment of products and ship to customer. Now do I need to show only 20% commission received under the head "Income from other sources" in ITR-4S Sugarm form or I also need to show 100% of the amount received as gross receipt in my bank account?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 05 December 2016

"............I receive 100 rupees into my bank account for sale of products ............"

Seems to be trading business.

What is the turnover?

Mohit kumar (Developer) (36 Points)
Replied 05 December 2016

3 / 4 lakhs annualy is the total sale. My supplier is asking for 10% TDS to be paid on the total commission, which I have to reimuburse after supplier submits TDS. So as per supplier I am charging 20% commission on the services given to sell their products where supplier has physical products in warehouse and ships directly to customer and I generate only order. So my question is if supplier 10% TDS deduction is valid in this case ? and how do i show it in ITR-4S form.