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Rajesh Jain (Querist)
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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

Nikhil Kaushik (Expert)
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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

Rajesh Jain (Querist)
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15 July 2017 No she is receiving only as a legal heir.

sivaram

sivaram (Expert)
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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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