For lic comission agent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2014 under which head comission from lic is come please tell me and which form is used for lic agent comission.

Nikhil Kaushik (Expert)
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20 July 2014 you need to use ITR -4......

CMA. CS. Sanjay Gupta (Expert)
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20 July 2014 Taxable under the head PGBP. You need to file ITR4 as suggested by learned expert.

Querist : Anonymous

Querist : Anonymous (Querist)

21 July 2014 UNDER WHICH HEAD COMISSION IS COME IS THIS FULL COMISSION AMOUNT IS TREATED AS SALE OR INCOME FROM OTHER SOURCES PLEASE CLARIFY

CMA. CS. Sanjay Gupta (Expert)
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21 July 2014 TAXABLE UNDER THE HEAD PROFIT AND GAINS OF BUSINESS AND PROFESSION.

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