E filing
This query is : Resolved
26 July 2012
my friend is having income from insurance commission, please advise which ITR to file ITR 4s or ITR 2
for e filing
Regards
Girish
for e filing
Regards
Girish
26 July 2012
Income from Insurance commission is treated as Income from Business so ITR-4S has to file. However it will be depend on other sources of his income.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
26 July 2012
Girish, If you show Insurance Commission income in the head of Income From Other Sources then you have to file ITR 2, and if you show in Income fron Business & profession then You have to file ITR 4, but for commission income ITR4s is not applicable.
26 July 2012
Mr. Birla's observation is correct because ITR 4S is for presumptive option cases and insurance commission is out of such option vide section 44AD(6)(ii) of the Income tax Act,1961.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Form 10BD Filling
- Registration as Authorised Representative of minor
- ESIC- Employee Registration
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
