Itr for insurance commission
This query is : Resolved
AMIT KR GHOSH
(Querist)
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
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
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.
Accordingly such person shall have to file ITR 4.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Urd purchase entry in tally prime
- GSTR-9C filing
- Intimation under section 245
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
