ITR form

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 February 2011 Dear Sir,

A person having income from LIC Commission only so which form should be used for filling of income tax return.

Thanks

CA Parvin Ahuja (Expert)
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26 February 2011 Commission from LIC is a business income and for that you should use form no.4.

CA.Nikhil Gupta (Expert)
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26 February 2011 it would be a business return- ITR 4

Bhaskaran Chackrapani Warrier (Expert)
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26 February 2011 Pl use ITR-4 being LIC commission is treated as 'income from business / profession'.

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