Income tax itr filling & its applicablility

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How to Treat Insurance agent commission as Business Income or Other Sources & is it he is eligible come 44AD of income tax as Eligible or else Please clarify me

Replies (6)

You have to file return under ITR 4.

$$AD cannot be applied on commission income

Sir 

Insurence Agents are not covered under eligible assesse as per 44AD of Income tax act, 1961

u should file ITR 4S & in head of other income

I agree with Subhamji  and Mahesh, Assessee can not  file ITR 4S

I agree with Subhamji  and Mahesh, Assessee can not  file ITR 4S

Commission Agent can file Return of Income through ITR 4. Under this, select business code 303 in ITR which corresponds to commission agent's business. I dont think that 44AD is applicable to Insurance Agent.


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