19 July 2022
Hello Sir, Mr X is having income from 1 . Interest on Deposit. 2.00 2. Commission from LIC. 0.25 3. Income short term gain 1.00 4. Income from Intraday 0.25 5. Income from LT Gain ( exempt) 6. Income from Zerox/ typing. 2.50 Total 6.00
My question is 1) Income from LIC commission is business income or income from other sources ...?
2) for Income from business / Zerox . and Intra day profit . Can I show in ITR 4 ( u/s 44 AD) or ITR 3 ? No books maintained for Zerox business.
3 ) 2 years back ITR 3 filed .
So i have to file ITR 3 or ITR 4 ? Please guide for this and for lic commission where to be clubbed .
Thanx for reply .one my small query is while filing return WHICH BUSINESS CODE TO BE SELECTED ....
20 July 2022
Thanx sir for reply . I would like to state that assessee has income from following Income from Zerox business Income from LIC comission Intra day . Then code for commission 09005 is proper one ? . Or some other to be selected.
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