banner_ad

Which itr should i use for my insurance commission income?

ITR 1010 views 19 replies
You need to file ITR-4.

Prepare p&l a/c, show commission as income and corrosponding exps to earn the commission and also prepare b/s and      File ITR-4.

Sandeep, ITR 4 is applicable for LIC agent .

For LIC commission u need to file ITR 4 

As LIC Commision is Professional Income

Only ITR 4 is valid

Yr LIC Commision is Rs. 135000/- Deduct Expenses related to this income.

Final Amount Below Rs.120000/- No Accounts required fill ITR 4, NO Account Case

If Final Amount above Rs. 120000/- then prepare Balance Sheet and fill ITR 4


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details