Hi,
I have income from salary, bank interest and insurance commission,
Which ITR to use?
Thanks,
CA J.Alamelu lakshmi
(Chartered Accountant)
(852 Points)
Replied 30 July 2014
Insurance commission is business income. So ITR 4
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 30 July 2014
Pankaj A
(Manager)
(29 Points)
Replied 30 July 2014
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.
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 30 July 2014
Pankaj A
(Manager)
(29 Points)
Replied 30 July 2014
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.
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 30 July 2014
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