Itr Form for Commission received from Amway business

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  1. Uttam Roy

    Uttam Roy New Member

    Dear friends

    Pls tell me which ITR form to be used for Commission received from Amway Business. Should I use ITR 4 (used for LIC Commission received) or ITR 4S by applying Presumptive Taxation.

    Pls reply ASAP.

    Thanks in advance..
  2. Neha Sharma

    Neha Sharma Active Member

    You can file your income tax return in either ITR 4 or ITR 4S.

    If you are opting for presumptive taxation, then use ITR 4S or else use ITR 4

    VAIBHAV DILIP RANE Active Member

    @Uttam Roy

    You can file either ITR 4 or ITR 4S,...

    It is advisable, for any Commission Income, ITR 4 to be filed rather than ITR 4S,...

    * Since it is generally concluded that,.. there is Heavy Margin (Profit %) in Commission Business,...

    rest upto you...
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