ITR Filing reg

Experts,

1. We are getting the commission income from LIC Housing Finance.

2..It is more than BEL but less than Rs 5 Lakhs.

3. Books of accounts not be maintained during the FY 2020-21.

4. Which form we need to file either ITR 3 or ITR 4.

5. Can i file the returns myself?

6. Or need to approach any CA and need to get their attestation and UDIN.
Replies (3)
Quick Summary
This discussion clarifies which Income Tax Return (ITR) form to use when receiving commission income, specifically addressing the distinction between ITR 3 and ITR 4. It confirms that ITR 3 is generally required for commission income, even if books of accounts weren't maintained. The advice also touches upon whether an individual can file their return independently or if professional assistance from a CA is recommended.

ITR-3 is applicable..ITR-4 can't be used for commission income.

You can do your self
It depends on the quantum of income as a whole.
If there is business income and it is commission then quantum doesn't matter.

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