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Session on Input Tax Credit (ITC)
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Hi,
I have income from salary, bank interest and insurance commission,
Which ITR to use?
Thanks,
Insurance commission is business income. So ITR 4
Use ITR 4. You cannot use ITR 4 (Sugam).
Thank you guys for the replies.
Actually, since I left the job, I got the gratuity exemption and leave encashment money of about 20,000. So, I don't think I can use ITR1.
Please suggest.
In my form 16, they are appearing under, Less Allowance to the extent exempt u/s 10
Also, as amount is greater than 5000, I am not sure about ITR1.
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