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Lic commission as business income

This query is : Resolved 
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(Querist)
21 June 2013 I HAVE LIC BUSINESS AND MY TOTAL COMMISSION OF THE YEAR IS RS. 1,20,000/-
NOW WHEN I SAW COMMISSION INCOME IN BUSINESS & PROFESSION HEAD, THEN IT DOESN'T ACCEPT IT AS MY TOTAL COMMISSION EXCEEDS RS. 60,000/-
SO HOW CAN I SAW MY BUSINESS INCOME??
CAN I FILLED RETURN BY SHOWING LIC COMMISSION AS MY OTHER INCOME?
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Rupesh Jain

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Rupesh Jain (Expert)
21 June 2013 no it is your profession incme

pls prepare profit and loss a/c
then file return in ITR-4 under business income
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CA Kapil Verma

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CA Kapil Verma (Expert)
21 June 2013 agreed with the expert , you should make P&L and show as professional receipt.
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