Lic commission
This query is : Resolved
VIVEK SINGH
(Querist)
28 March 2012
Dear sir,
In case of a LIC agent, whose total commission received in FY 2010-11 is 233000/-. Can he file his retrun as no a/c case, if yes, then under which section and which ITR form would be applicable.
Thanks.
In case of a LIC agent, whose total commission received in FY 2010-11 is 233000/-. Can he file his retrun as no a/c case, if yes, then under which section and which ITR form would be applicable.
Thanks.
29 March 2012
Yes file ITRIV go thru the form carefully andfill up the data.most of the columns are not applicable
Mind you time is running out
last date is 31/3/2012 if you seek any refund
Mind you time is running out
last date is 31/3/2012 if you seek any refund
CA. RAGHAV GARG
(Expert)
29 March 2012
Better you file ITR 4S (SUGAM)under 44AD,
Treating All income as your income or 80% / 90% income as your income as per your expenses on such commission.
This year you can file ITR 4S
CA. Raghav Garg
9416875784
ggassociates.in
Treating All income as your income or 80% / 90% income as your income as per your expenses on such commission.
This year you can file ITR 4S
CA. Raghav Garg
9416875784
ggassociates.in
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
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- SALARY CAN BE CAPITALIZE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- Non filing of I T Returns
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- 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
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
