22 October 2021
LAST YEAR I FILED MY RETURN SHOWING BUSINESS INCOME UNDER PRESUMPTIVE TAXATION SCHEME, IN CURRENT YEAR I HAVE LIC COMMISSION INCOME ALSO, HOW SHOULD I DISCLOSE IT, IN MY RETURN.
22 October 2021
If it is your second business, file ITR 3 with books of accounts for both the businesses. But if the commission amount is in small amount, you may declare it under IFOS, and file ITR as earlier.
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