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itr 2 or itr 4????????

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 July 2010 i have only lic comission income....which itr should i file??????plz tell me wit clear logic????

10 July 2010 LIC commission if charged as a business Income.
Accordingly ITR-2 is not applicable since it is For Individuals and HUFs not having Income from Business or Profession, Which is your case.

Since you have business income, so ITR-4 will be used for your Return of Income.

12 July 2010 Agree with Rahul


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