How to file LIC Commission Income of Rs 400000/- where assesse has no 80c savings. assesse wanted all his tds to refunded
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It is business income you need to file ITR-4 for this with business code 0301 of general commission agent. Further from the gross receipts you can deduct deductible expenses under section 30 to 37.
| Originally posted by : vishal | ||
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It is business income you need to file ITR-4 for this with business code 0301 of general commission agent. Further from the gross receipts you can deduct deductible expenses under section 30 to 37. |
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Dear Ashok
As Vishal has told above do that apart from that assesee can get deduction under chapter VIA (i.e.80C, 80D so on) if any.
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