Itr filing
This query is : Resolved
SNEH PRAKASH
(Querist)
28 June 2019
Lic commission receiveing man can't file under presumptive basis under 44ada so should file itr3 but in ITR 4 why lic code under nature of business
Amol S Joglekar
(Expert)
28 June 2019
44ADA is for professionals. But you can file regular ITR and claim 50% for insurance commission as per CBDT circular 648 dated 30/03/1993
SNEH PRAKASH
(Querist)
28 June 2019
But this 50%deduction is only commission less than 60000
Amol S Joglekar
(Expert)
28 June 2019
yes. you can follow the same
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