Which itr form for LIC Agents ?
This query is : Resolved
MANJUNATHA BHAT
(Querist)
11 July 2020
LIC AGENCY COMMISION IS INCOME FROM BUSINESS AND WHICH ITR FORM FOR THIS ? ITR 3 OR ITR 4?
ITR 3 IS NOT VISIBILE TILL DATE IN INCOME TAX E FILING PORTAL FOR AY 2020-21 AND IT IS CORRECT TO FILE THE LIC AGENTS RETURN OF INCOME IN ITR 4 (UNDER PRSUMPTIVE INCOME) ???? OR WAIT FOR ITR 3 FORM TO BE UPDATED IN E - FILING PORTAL?
PLEASE SOLVE MY QUERY
ITR 3 IS NOT VISIBILE TILL DATE IN INCOME TAX E FILING PORTAL FOR AY 2020-21 AND IT IS CORRECT TO FILE THE LIC AGENTS RETURN OF INCOME IN ITR 4 (UNDER PRSUMPTIVE INCOME) ???? OR WAIT FOR ITR 3 FORM TO BE UPDATED IN E - FILING PORTAL?
PLEASE SOLVE MY QUERY
CA R SEETHARAMAN
(Expert)
11 July 2020
ITR 3 only can be filed for such commission income. Wait for form updated in portal.
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