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Life insurance commission

ITR 264 views 4 replies

gud day everyone,

one of my client is having rental income of 2.20lacs and life insurance commission of 11000/-. since , the commission is very meagre , can the filing be done in ITR2.

NEED N THANKS FOR  UR SUGGESTIONS .

Replies (4)
Yes ITR 2 can be filed

THNX FOR THE REPLY SOWRAV

Your welcome

pls let me know if itr3 can be used for filing without any technical  glithches because, life insurance commission need to be booked and in itr3, when i enter the gross receipts , gross profit and expenses, Instead of net profit,  it shows both NET PROFIT +GROSS RECEIPTS  as  income from business .

pls let me know how to proceed further

tnx


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