ITR - Form
This query is : Resolved
Manoj Raturi
(Querist)
21 July 2011
Hi,
I have two sources of income.
(1)- Salary.
(2)- Insurance Commission.
Which ITR Form should I use to file the Income tax return for A.Y. 2011-12.
Thanks in advance.
I have two sources of income.
(1)- Salary.
(2)- Insurance Commission.
Which ITR Form should I use to file the Income tax return for A.Y. 2011-12.
Thanks in advance.
CA PARAS BAFNA
(Expert)
21 July 2011
Insurance commission is taxed unde the head PGBP (business income).
Return can be filed U/s 44AD.
ITR 4S is the form in which return has to be filed by you.
Return can be filed U/s 44AD.
ITR 4S is the form in which return has to be filed by you.
Manoj Raturi
(Querist)
21 July 2011
Thanks for prompt reply Sir,
I think it should be u/s 44AB.
But my income from Insurance commission (+Salary also) is with in the limits (i.e. less then 10 lacks and not required audit).
Thanks.
I think it should be u/s 44AB.
But my income from Insurance commission (+Salary also) is with in the limits (i.e. less then 10 lacks and not required audit).
Thanks.
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