banner_ad

ITR 4S

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 June 2011 Can insurance agent opt for filing ITR 4S? His income is around Rs. 4 Lakhs.
Profile Image

Ravikant

Profile Image

Ravikant (Expert)
29 June 2011 insurance agents carrying on business can opt for ITR 4S,,
Profile Image

C A S.S.Agarwal, M.Com.,LL.B,

Profile Image

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
30 June 2011 Your income is Income from Other Sources and therefore the expert has correctly stated that you are not covered by ITR 4
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
30 June 2011 Insurance commission is chargeable to tax under the head 'income from business or profession' and not under 'Income from Other Sources' and also ITR 4 covers such income. I wanted to know whether ITR 4S can also be filed for such income on presumptive basis.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details