itr
This query is : Resolved
Rajesh Jain
(Querist)
15 July 2017
widoow with commission from lic of India whose husband was agent and interest income from relatives whom she has lent money which itr to file and whether she has to show interest income as other sources or business income
Nikhil Kaushik
(Expert)
15 July 2017
interest income can be shown as income from other sources. But commission needs to be considered as business income is the woman is still actively seeking new commissions.
Rajesh Jain
(Querist)
15 July 2017
No she is receiving only as a legal heir.
16 July 2017
even as a legal heir commission income is treated as business Income it is asif the business is continued and carried on by the successor
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