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ITR4 for salary + LIC commission
Hi,
For 2009-10, I have income from salary and LIC commission. I understand that I should use ITR4 in this case to file my returns. I am using the excel utility given by the income tax dept for this.
My questions-
1. Is filling NatureOfBusiness, PartA-BS, PartA-P & L, PartB-TI,PartB-TTI, Schedule BP, CYLA-BFLA and TDS-TCS sheets in the excel utility enough?
2. How should I go about filling the balance sheet and the P&L account sheets - or should I leave them blank?
Hoping that all you learned people will help me with this!
Regards,
Ajay
Replies (5)
Mr. Ajay in Balance Sheet u can just put cash balance and in profit and loss a/c just show ur gross receipts and expenses.
These are only for the persons who does not maintain regular books of accounts. There is option in ITR-4 in Balance sheet column who does not maintain regular book of accounts.
Mr. Sumit, Thanks! That was very helpful.
Can any one told me that An Assessee received Commission as LIC agent on polices procedure by him. Whether income is professional income or Business Income
Its urgent
Its a professional income.
I have income form salary & LIC Commission. Which ITR Form should be filled. please confirm and also send itr exampal.
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