Lic agent commission
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 April 2013
Dear Experts,
my friend pursuing b.tech and he is working as an lic agent in birla sunlife insurance.while earning income as an agent, Tds deducting in his commission.For claiming those deducted amount what are situations we have?
my friend pursuing b.tech and he is working as an lic agent in birla sunlife insurance.while earning income as an agent, Tds deducting in his commission.For claiming those deducted amount what are situations we have?
15 April 2013
You have to file his income tax return and then claim TDS deducted as refund after adjustment of tax payable if any.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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Querist : Anonymous
Querist :
Anonymous
(Querist)
15 April 2013
what type of return i have to fill? eg:itr1 or itr4?
15 April 2013
You have to fill ITR 4 because of LIC commission income particularly classified as Income from Business/profession always.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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