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Lic commission

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(Querist)
28 March 2012 Dear sir,
In case of a LIC agent, whose total commission received in FY 2010-11 is 233000/-. Can he file his retrun as no a/c case, if yes, then under which section and which ITR form would be applicable.
Thanks.
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CA Chandrasekaran.S.R

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CA Chandrasekaran.S.R (Expert)
29 March 2012 Yes file ITRIV go thru the form carefully andfill up the data.most of the columns are not applicable
Mind you time is running out
last date is 31/3/2012 if you seek any refund
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CA. RAGHAV GARG

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CA. RAGHAV GARG (Expert)
29 March 2012 Better you file ITR 4S (SUGAM)under 44AD,

Treating All income as your income or 80% / 90% income as your income as per your expenses on such commission.

This year you can file ITR 4S

CA. Raghav Garg
9416875784
ggassociates.in
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