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Lic commission

This query is : Resolved 

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.

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

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

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