Lic commission itr & tds.
This query is : Resolved
23 August 2014
Dear Sir,
Person earning LIC commission only.. no other source.. which itr to be used.. last time he had filed ITR1.. but i think ITR4 should be file.. also there are 6 transaction in 26AS.. TDS deducted @ 10% 194D but in last transaction TDS is deducted more than 30%(Amount Credited 5836 & TDS deducted 2076) ... y so.?? plz guide..
23 August 2014
Yes ITR4 should be filed.
What is the nature of Income of Rs 5836? If it is from LIC Commission 30% TDS should not be deducted. So please check with the deductor if there was any mistake in filing return.
What is the nature of Income of Rs 5836? If it is from LIC Commission 30% TDS should not be deducted. So please check with the deductor if there was any mistake in filing return.
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