For AY 2019-20, which ITR should be file for Income from Commission from Life Insurance Agency where commission Income is more than Rs.60000/- ? Presumptive Taxation is applicable ?
31 May 2020
ITR - 3 Insurance agents earning commission are required to file their returns using ITR - 3. It is essential to note that an entity whose income is by way of commission or brokerage cannot adopt the presumptive taxation scheme of Section 44AD.
CAclubindia
