one of my friend is earning salary income of 240000 PA and he earned a commission of 40,000 from LIC (no bifurcation available). Now please tell me which ITR he should file? what is the treatment for commission income?
one of my friend is earning salary income of 240000 PA and he earned a commission of 40,000 from LIC (no bifurcation available). Now please tell me which ITR he should file? what is the treatment for commission income?
file ITR 3
Thank you. Plz let me know that entire 40,000 is taxable? or 33.1/3% should be exempted from 40,000?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
