How should i file my return ay 2015-16
This query is : Resolved
26 June 2015
Hi.I'm a employee in a company earning salary.At the same I'm an agent in Lic of India earning commission.which form should I file ITR4 or ITR4s?How to show my commission details?
CMA Ramesh Krishnan
(Expert)
26 June 2015
you need to file ITR-4.
LIC commission is treated as ‘business income’. ITR-4 is to be used; the assessee may/may not require to fill P&L/Balance Sheet details in ITR-4. In case he is not maintaining books of account – you may fill in item 51 of Part-A P&L in ITR-4.
LIC commission is treated as ‘business income’. ITR-4 is to be used; the assessee may/may not require to fill P&L/Balance Sheet details in ITR-4. In case he is not maintaining books of account – you may fill in item 51 of Part-A P&L in ITR-4.
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