answer to itr??
This query is : Resolved
19 July 2008
I Just Want to Clarify On the Answer Given By Srinivasaraghvan to the questin o which itr form
right answer should be itr-4
because lic comm is professional income
right answer should be itr-4
because lic comm is professional income
21 July 2008
Yes, commission earned by LIC agent will definitely fall under the head of Income from Business and Profession and as such, return is to be submitted on ITR-4.
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