ITR for insurance commission income
This query is : Resolved
30 July 2008
Can income from insurance commission be shown under Income from other sources? Can ITR - 2 be filed in respect of the insurance commission income?
30 July 2008
Its upto u. U can show it as ur business income or income from other sources.
31 July 2008
In my opinion, yoh will have to furnish the return ITR 4, as insurance commission will fall under the head of Income from Business or Profession and business expenses on adhoc may be claimed as per Circular No 648 dated 30.03.93.
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