INSURANCE AGENT S COMMISSION IS SHOWING AUTOMATICALLY IN OTHER SOURCES INCOME TABLE. WHERE EXPENSES

ITR 507 views 3 replies

Sir/madam,

today i saw that , insurance agent commission is automatically showing in other sources table in itr3 (where bank interest income etc. shows).so there are no any option to less expenditures by debit account from head of the commission amount.

so then , i have filled the gross commission amount in profit and loss table under the commission column. but in 'BFLA' Tab showing total gross income in double amount. example-: if the gross commission amount is ₹5000 , then i filled in commission amount of profit and loss table  ₹5000 . but in other sources tab automatically showing the gross commission amount ₹5000 also. so finally it is showing in BFLA Table ₹5000+₹5000. so my question is , can remove the amount of ₹5000 as automatically showing amount in other sources Income table?

if no , then how i claim expenses from the gross amount of commission income?

Replies (3)

you are not supposed to show under gross commision. Remove from gross commission.

Yes you can manually remove the amount from other sources table.
Agreed with above comment


CCI Pro

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