This is related to my earlier query posted on 16th March, 2014. Some one was kind enough to answer my query pertaining to the ITR to be used while e filing the returns of a female client whose only income (which she gets every month) is the renewal commission given for the businesses that her late husband had done as an LIC agent. I was advised to use ITR 1 and to consider her present income under the catagory of 'other income'...
However in her 26AS form, her income is being catagorised u/s 194D - INSURANCE COMMISSION.
So, of the two, ITR 1 and ITR 4, which one would be apt in this case?
I would be grateful if some one can throw more light on this issue...
With regards
- K. Suresh.
CAclubindia
