Hi
Which Form to fill for a person who is working full time in a Company as IT Consultant as a Salaried employee, and also doing Insurance Consultancy where he gets Insurance Commission and as Channel Partner where he gets Brokerage on selling financial products.
In all above three cases Form 16 is available (TDS is deducted).
IF HE RECEIVED FORM 16 , THEN HE IS SALLRIED EMPLOYEE , AND INCOME RECEIVED FROM Brokerage on selling of financial products IS TREATED AS INCOME FROM OTHER SOURCE .
FOR ABOVE INCOME FILLED ITR -2.
ITR-4
Dear Friend
Insurance Consultancy is treated as Business Income (if you are agent of it) means working independently and working business of insurance consultant / agent.
+
you have salary income
So its required ITR - 4
Regards
ITR 4
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