Income Tax Return for Individual Having Only Insurance Comm.
This query is : Resolved
02 October 2008
I Have A Problem About a individual having only insurance commission,& i couldn't Identify which ITR Form he have to submit.& what is the last date to submit Income tax for Individual
02 October 2008
Consider as business income and file ITR-4.If the gross commission is > Rs.40 lakhs specified date was 30-09-2008 otherwise due date was 31-7-2008 presuming that the question is relating to asst.year 2008-09.
02 October 2008
THE ITR 4 is available for the assessee..
But, If the assess has also income other than the Insurance commission.
Then it has to be shown seperately the Insurance income and other income.
The expenses related to other income should not be clubbed with insurance.
Hope this is clear. Ask further if u still need clarification.
God BLESS U
But, If the assess has also income other than the Insurance commission.
Then it has to be shown seperately the Insurance income and other income.
The expenses related to other income should not be clubbed with insurance.
Hope this is clear. Ask further if u still need clarification.
God BLESS U
03 October 2008
ITR-4,
31ST JULY FOR INDIVIDUAL.
Tax less TDS= Tax payable
31ST JULY FOR INDIVIDUAL.
Tax less TDS= Tax payable
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