Which return form use for lic agent for fy 2017-2018

which return form use for lic agent for fy 2017-2018

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Replies (4)

ITR 3 

  

respected sir 

thank you very much

Sir, why can't we show the commission income as income from other sources and file ITR 1

For agents it is a business.... but for any other person  like salaried person or housewife it can be IFOS.

Mainly it depends upon quantum of transactions, TDS deduction and expenditures to be claimed for earning the income.

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