income tax & computation of income of lic agent
Querist : Anonymous
I am a LIC Agent and I have got commission Rs.80000/- for 2010-11 and tax deducted about Rs.8000/- Kindly let me know how do I file income tax return and what form to be filled in.
You may file your return under ITR4 under the heads Profits and Gains from Business and Profession. You will get full refund of your amount if you are maintaining books of accounts for your Business
Querist : Anonymous
thanks for heeding on the query. I am not maintaining any books of accounts. How will i compute the tax in that case.
i may advice
Click here to login now
Similar Resolved Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- Journal entry of busniess expenses
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Cash balance limit and property purchases limit
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
