Itr filing
This query is : Resolved
20 November 2012
An assessee Who is a LIC agent and his gross commission receipts in A.Y 2011-12 is Rs.375000 & in A.Y 2012-13 is Rs.515000.
Which itr form use for filing the return ?
Can Lic agent file income tax return in ITR4S & avail the benefit of sec. 44AD?????
Which itr form use for filing the return ?
Can Lic agent file income tax return in ITR4S & avail the benefit of sec. 44AD?????
CA Ashwani Agarwal
(Expert)
21 November 2012
In section 44AD, it is specifically mentioned that it cannot be used for commission business. So you have to fill Normal ITR 4.
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