Lic Agents

 Profession Income from commission or brokerage or an agency business cannot file ITR-4S ,  file ITR4

Following are not allowed to file ITR Under Presumptive Income

• Situation 1 – Where Gross receipts or turnover of a business or profession is more than Rs 1 crore

• Situation 2 – If you fall in any of the below mentioned case you cannot file ITR-4S
  • Income from commission or brokerage
  • Income from Agency business
  • Income from Profession – those who are carrying on profession of legal, medical, engineering, architectural, accountancy, technical consultancy, interior decoration, an authorized representative, film artist, company secretary and information technology. Authorized representative means – any person, who represents someone, for a fee or remuneration, before any Tribunal or authority under law. Film Artist includes a producer, actor, cameraman, director, music director, art director, dance director, editor, singer, lyricist, story writer, screenplay writer, dialogue writer, dress designer – basically any person who is involved in his professional capacity in the production of a film.
  • Own more than one house property
  • Earned Speculative income like winning from lotteries, horse races
  • Agriculture income or exempt income more than Rs 5,000
  • Have Capital gains
  • Losses to be carried forward
  • Holds any assets outside the country or has any financial interest in any foreign entity
  • Is a signing authority in any bank account located outside India
  • Any resident having income from any source outside India
  • Claimed relief under Section 90 or 91

Originally posted by : sonam sahu
	can i file itr of AY 2017-2018 aftr 31/03/2018

No Today is the Last Date for A/Y 2016-17 & 2017-18.

File it by Today