Lic commission in itr
This query is : Resolved
05 July 2019
An indivdual has earned income from salary. Besides, he is LIC agent, thus, earned commission.
LIC has deducted TDS on such commission paid.
Such LIC commission has been shown as income from other sources in ITR.
While vailidating the return, the software is showing the following message:
Total of amount paid/credited related to business head in TDS schedule not match with
total income credited in Profit and Loss account.
Please advise how to proceed
LIC has deducted TDS on such commission paid.
Such LIC commission has been shown as income from other sources in ITR.
While vailidating the return, the software is showing the following message:
Total of amount paid/credited related to business head in TDS schedule not match with
total income credited in Profit and Loss account.
Please advise how to proceed
05 July 2019
Show LIC income as business income.
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