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Querist : Anonymous

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Querist : Anonymous (Querist)
27 June 2015 SIR, I HAVE TO FILL INCOME TAX RETURN OF A.Y.15-16 INCOME HAVING FROM INSURANCE COMMISSION U/S 194D AS GENERAL INSURANCE AGENT SO WHICH ITR SHOULD BE USED FOR INCOME TAX RETURN. MY TDS ALREADY DEDUCTED BY THE INSURANCE COMAPNY.

CAN I SHOW IT AS BUSINESS INCOME UNDER HEAD OF PGBP, IF YES HOW TO CLAIM EXPENSES RELATED TO INSURANCE COMMISSION INCOME. ONLY INSURANCE COMMISSION MAJOR INCOME SOURCE.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
28 June 2015 Taxable under the head PGBP. You need to file ITR4. Yes you can claim related expenses incurred by you.
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Querist : Anonymous

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Querist : Anonymous (Querist)
19 November 2015 SIR THANK YOU BUT I HAVE NOT IDEA ABOUT UNDER WHICH SECTION USED FOR NON LIFE INSURANCE BUSINESS COMMISSION.
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