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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Lic commission
Replies (5)
Commission is your PGBP or other sources income...you can file itr 3 or 4
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.
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.
Why i cannot consider that as salary ??
Lic commission is not a salary such incomes falls under the head IFOS
Has to file itr 3
Has to file itr 3
Thank u so much
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