Hi,
For Insurance commission along with salaries, Can i show it under Schedule SI in ITR-2. As i wish to show it as other income rather than business as that is not a major source of revenue.
Thanks in advance.
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Insurance commission under schedule si
Replies (2)
It does not matter if the income is major source or not.insurance commission is usually considered as business income and ITR 4 is used.
But ITR-2 has Schedule SI " Profits and gains of life insurance business" under it? So why cant we show income under that section?
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