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Itr form
Hi
I am a salaried person and LIC agent with annual income (Salary and commission) is below 2.5 lakh, do i need to file income tax returns. If yes which ITR form is suitable. Can i declare my Salary details while claiming TDS of LIC Commission (ITR 4).
Replies (4)
itr4 sahaj, yes your salary detail is required and you can also claim your lic commission
Do i need to consult an Chartered Accountant
As long as your total Income doesnt exceed Basic exemption Limit of 2,50,000, it is not mandatory to file Income Tax Return. You can also file a nil Return showing Salary under Income from salaries & Commission under Income from Other Sources. You have to file Return of Income in ITR-1
Thank to for you reply, that was very helpful.
One more doubt is can i claim TDS deducted for LIC commission, by filling ITR 1. or do i need to file ITR4 Separately.
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