One of my client has earned Commission income from an Insurance company and the company has deducted TDS @ 10% under Section 194JB
My query is while filing his Income tax return under which head of Income should I consider this income. Can I take this income as Other source income since commission income does not come under Presumptive Taxation scheme under Section 44ADA.
08 January 2023
If the main business is of Insurance agent, then better file for Income from Business and profession and claim relevant expenditure for the business activity.
CAclubindia
