Dear Sir,
I have a query:
as we all know many people who gets salary also work as insurance advisor to get extra income. At the end of FY they have form no 16 as well as form no 16A. In this situation which form he should use to file his return.
ITR-1
ITR-4
or ITR-1 & ITR-4 both
if both than what will be the proceedure.
Regards,
Surender Singh
Yes, ITR-2 is sufficient for you.
Insurance Commission will be shown as Income from other sources in ITR-2.
thanks a lot for your suggessions, but if the client is facing losses from his insurance business then which kind of ITR is to be filled.
weather there is any compulsion for maintaining books of accounts for mentioning the losses in ITR.
CAclubindia
