A salaried person has insurance commission income of Rs. 8000.00 in F.y. 2018-19. Can he filed ITR1 using insurance commission in other source of income ?
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Insurance commission in itr1 or not ?
Replies (4)
Yes.... He can if TDS not deducted
No sir, the amount was reflected in 26AS and also deducted TDS u/s 194D, if he filed ITR3 in which coloumn he can show the commission income in case of non accounts case? Plz guide.
There won't be an issue in showing under other sources of income. As amount is meagre. Claim TDS in TDS schedule by giving OS head in last column.
As per income tax, Insurance commission is treated as income from business or profession , So you have to mandatory file ITR-3.
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