Query regarding income tax return


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
27 July 2012 please answer urgently..

An individual earning income (Approx Rs.99000) by way of Commission form LIC & this is the only source of his income. his is required to file ITR to get back his TDS. Please specify which return he is required to file with tax dept. In case the ans. is ITR 4 then is it a business income or income from a profession & whether attachment of P&L A/C & Balance sheet is required or not with the itr?

Please give advises..
thanks in advance to all experts

27 July 2012 refer to a very old circular of CBDT where it has categorically given the ad hoc deduction from first year commission and renewal commission. Now a days income tax department does not accept any attachments with the returns.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
27 July 2012 sir please specify which itr he is required to file with?

28 July 2012 You need to file itr - 4


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details