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Anjali P Nair (CMA ,CA FINAL STUDENT) 07 July 2018
1. If your income lower than 250000 u may choose ITR 1 and file return under the head income from other source
2. Otherwise ITR 3 can be filed.By deducting expenses from business income and showing only profit as income.
RAJA P M ("Do the Right Thing...!!!") 07 July 2018
It's not a good practice. If Commission received from Insurance company then It's will shown as Commission Income...
Then only avaiod future scrutiny or reference.
Anjali P Nair (CMA ,CA FINAL STUDENT) 09 July 2018
No need to to fill those areas.You can fill only gross receipts,expenses and show profit as income.
I repeat If your gross receipts lower than 250000 u may choose ITR 1 and file return under the head income from other source.