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 ?
CAN HE CLAIM EXP. OF Rs. 175000 TO EARN ABOVE INCOME?
IF ITR 4 IS APPLICABLE, B/S & P/L HAS TO FILL IN ITR ?
IS TAX AUDIT IS APPLICABLE ?
WHAT IS CODE FOR THIS BUSINESS ?
THERE IS ANY TAX PLANNING FOR NIL TAX. E-mail : avneesh.bibhu@gmail.com
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
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