ITR for LIC Agent
This query is : Resolved
25 July 2024
Hello Sir,
My sister is LIC Agent and having income form capital gain and Bank FD.
This year she just got Rs. 4000 LIC commission.
Can we file ITR 2 or we need to file ITR3
My sister is LIC Agent and having income form capital gain and Bank FD.
This year she just got Rs. 4000 LIC commission.
Can we file ITR 2 or we need to file ITR3
25 July 2024
Any TDS deducted over commission or FD etc?
25 July 2024
yes sir 5 K TDS is deducted by bank. Bank have give 50K Interest so the have deducted 5K TDS.
Also Profit from capital gain is around 570000
Total income will be
Profit from capital gain is around 570000
Interest on FD 50000
Income from LIC 4000
--------------------
Total income seems 624000 Which is non Taxable as per new Tax regime for AY 2024-25(FY 2023-24)
Si if we fill ITR 5 K will be refund which was deducted by bank.
But query is should we file ITR2 or ITR3 (considering 4K LIC commission)
Also Profit from capital gain is around 570000
Total income will be
Profit from capital gain is around 570000
Interest on FD 50000
Income from LIC 4000
--------------------
Total income seems 624000 Which is non Taxable as per new Tax regime for AY 2024-25(FY 2023-24)
Si if we fill ITR 5 K will be refund which was deducted by bank.
But query is should we file ITR2 or ITR3 (considering 4K LIC commission)
25 July 2024
File ITR 2.
Hope the capital gain is from non equity based transactions.
Hope the capital gain is from non equity based transactions.
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25 July 2024
You are welcome.
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