Itr for insurance commission

This query is : Resolved

AMIT KR GHOSH (Querist)
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29 June 2012 I WANT TO KNOW THAT ITR4 SUGAM CAN BE FILLED BY INSURANCE COMMISSION AGENT.
IF HE RECEIVES SALARY AND NO TDS DEDUCTED WILL I HAVE TO MENTION EMPLOYERS NAME AND TAN NO.
THE CERTIFICATE NO RECEIVED IN FORM 16A IS 6 CHARACTER, CAN MENTION IT WITH 00 BEFORE SIX CH BECAUSE WE HAVE TO GIVE 8 CH CERTIFICATE NUMBER

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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29 June 2012 A person in receipt of insurance commission CANNOT file ITR 4S. This is because Section 44AD has been retrospectively amended wef AY 11-12 to provide that Section 44AD is NOT applicable to commission or agency income.

Accordingly such person shall have to file ITR 4.

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