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Taxability of insurance commission received by insurance


27 November 2015 How to calculate income of insurance commission received by insurance agent.? please tel which ITR is applicable?

27 November 2015 file ITR-4. and you should know how to compute the profit!

28 November 2015 1) whether required to maintain books of account?
2) In ITR it is required to to give full details of Profit & Loss and Balance sheet?




28 November 2015 If the volume is high and it is income from Business - ITR - 4

If the volume is low and the activity of commission agent is being pursued as a side activity while having substantially high revenue from Salary etc, then ITR-1 also should suffice the purpose.

28 November 2015 How To Decide High volume? whether Turnover?



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