About itr query
This query is : Resolved
Querist : Anonymous
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.
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.
28 June 2015
Taxable under the head PGBP. You need to file ITR4. Yes you can claim related expenses incurred by you.
Querist : Anonymous
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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