Commission income

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how to show commission income received from LIC/POST/MUTUAL FUND? if a persons doing or working as a agent than how to show his income? & under which head ? which ITR form applicable?
Replies (3)

The commission income of an individual agent is his professional/business income which can be stated as Proprietory business/profession, so the applicable ITR for AY 2017-18 should be ITR-3.

Thanks
mo need to profit and loss
and
balance sheet
Thanks
no need to make profit and loss
and
balance sheet ????


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