Insurance comission
This query is : Resolved
mayank dwivedi
(Querist)
26 August 2015
A person earned income by way of insurance commission and TDS has been deducted u/s 194D .....so under which head the income will be taxable.
Please reply
Thank you
Please reply
Thank you
26 August 2015
Income will be taxable under the head Profits & Gains of Business or Profession. ITR4 needs to be filed.
Ishan Shah
(Expert)
26 August 2015
Dear Mayank,
Good day...!
Income from insurance commission taxed under the head IFOS, if such person having salary income.
If person does not have any other source of income except Insurance commission then should be reported under head PGBP.
Thanks.
Regards,
Ishan
Good day...!
Income from insurance commission taxed under the head IFOS, if such person having salary income.
If person does not have any other source of income except Insurance commission then should be reported under head PGBP.
Thanks.
Regards,
Ishan
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