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Lic commission

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6 Points Posted on 31 January 2020
1.lic commission is treated as business income or salary income ???

2.what itr form to e-file the return????(itr 1 or itr 4 )

please clarify
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On 31 January 2020 at 10:40 Report
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Studwnt
1141 Points Posted on 31 January 2020
Commission is your PGBP or other sources income...you can file itr 3 or 4
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On 31 January 2020 at 11:47
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17264 Points Posted on 31 January 2020
For any commission income, ITR4 is not applicable.

You have to use ITR 3 only.

Or if LIC Commission amount is meagre, you may show under IFOS. There won't be any issue.
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On 31 January 2020 at 11:54
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6 Points Posted on 31 January 2020
Why i cannot consider that as salary ??
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On 31 January 2020 at 14:32
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111 Points Posted on 31 January 2020
Lic commission is not a salary such incomes falls under the head IFOS
Has to file itr 3
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On 31 January 2020 at 15:33
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6 Points Posted on 01 February 2020
Thank u so much
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On 01 February 2020 at 10:54


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