21 July 2012
A PERSON IS AGENT OF INSURANCE COMPANY. IN A/Y 2012-13 HIS TOTAL INCOME FROM COMMISSION FROM INSURANCE COMPANY IS Rs 3,50,000. WHICH I.T.R. WILL BE APPLICABLE FOR HIM ? AND TAX AUDIT IS APPLICABLE FOR HIM ?
THERE IS ANY TAX PLANNING FOR HIM BECAUSE HE DO NOT WANT TO GIVE ANY TAX AND TAKE 100% TDS REFUND.
22 July 2012
You need to file ITR -2 But if you want to claim the Expenses you should go for ITR 4, But be careful Income Tax Notices are very casual for the one filing ITR 4
CAclubindia
