26 As Income of 90k u/s 194D insurance commission.

This discussion addresses the tax implications for an individual earning £90,000 in insurance commission under Section 194D. The user is seeking advice on whether to declare this income in ITR 4 or if ITR 3 would be more appropriate, considering the TDS deducted was only £4,500. The conversation touches upon the theoretical debate of declaring such income in ITR 4 and the potential need for an audit based on aggregate turnover and profit margins.