Which ITR for honorarium

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126 Points Posted on 08 September 2020
One of assessee getting honorarium for working as guest faculty in govt institute, also working as insurance agent... Which ITR applicable to him?
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On 08 September 2020 at 17:09 Report
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Quick Summary
This discussion clarifies which Income Tax Return (ITR) form is applicable for an individual receiving honorarium as guest faculty and also working as an insurance agent. The consensus is that ITR-3 is the appropriate form for this scenario, as honorarium income should be shown under 'other sources' and insurance agency income is considered business/professional income.

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Student
507 Points Posted on 08 September 2020
Honorarium Income - Show under other sources
Insurance Agent - Business Profession
ITR - 3 to be filed
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On 08 September 2020 at 21:50
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Tax and Business Consultant
11616 Points Posted on 08 September 2020
Yes, ITR 3 is applicable in your case....
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On 08 September 2020 at 22:38
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56 Points Posted on 10 September 2020
Very sorry to hijack this thread....but i honestly read harmonium...lol. sorry guys, had to share with you.
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On 10 September 2020 at 12:54

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