Income from insurance commission


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Querist : Anonymous

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Querist : Anonymous (Querist)
23 July 2014 My Income only from Insurance Commission Rs.105143/- for the A.Y. 2014-15 , I have prepare the ITR-4 , Income showned under PART A- P & L Item No : 53 Gross Receipt Rs.105143/-
Is this Correct or not?

23 July 2014 yes and also deduct any exp if u have in this regard.............

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 July 2014 Last Year i Have filed ITR-2 and Insurance Commission Income Showned - Income from Other Sources.

Can i change the ITR form this year ( ITR- 2 to ITR -4 )

23 July 2014 no its wrong to use itr2 as it is considered as income from business only so file itr4.


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