Need guidelines for filing itr-4 (fy-2011-12) for lic agent.
This query is : Resolved
04 July 2012
Sir,
I want to file ITR-4 for financial year 2011-12 (AY-2012-13)as LIC agent. Kindly guide me necessary points to be kept in mind before filling the ITR-4.
1.What's are mandatory requirements before filing this?
2.What sections of ITR-4 needs to be filled compulsory?
Early reply requested.
Thanks.
I want to file ITR-4 for financial year 2011-12 (AY-2012-13)as LIC agent. Kindly guide me necessary points to be kept in mind before filling the ITR-4.
1.What's are mandatory requirements before filing this?
2.What sections of ITR-4 needs to be filled compulsory?
Early reply requested.
Thanks.
04 July 2012
The following home work be done before you start with form IV:
a. Know the gross income from LIC and TDS thereupon.
b. Form 16A
c. Cross check the amount of TDS in FORM 16A and on Form 26AS. If matches then proceed. If not matched then know which one is correct.
d. Know Income from other sources: Rental income, interest on saving, interest on Fixed Deposits, Interest income from others, profit or loss from shares, dividend etc.etc.
e. Work out your total tax liability and then know the balance tax payable (total payable minus TDS). Pay balance taxes by yourself.
f. You need not to mention any section on Form IV.
VK Bajaj
contact@vkbajaj.co.in
a. Know the gross income from LIC and TDS thereupon.
b. Form 16A
c. Cross check the amount of TDS in FORM 16A and on Form 26AS. If matches then proceed. If not matched then know which one is correct.
d. Know Income from other sources: Rental income, interest on saving, interest on Fixed Deposits, Interest income from others, profit or loss from shares, dividend etc.etc.
e. Work out your total tax liability and then know the balance tax payable (total payable minus TDS). Pay balance taxes by yourself.
f. You need not to mention any section on Form IV.
VK Bajaj
contact@vkbajaj.co.in
Message likes :
1 times
04 July 2012
Thanking you sir for your quick response. Kindly help me out to solve the following queries also:-
1. Under which sector LIC agent belongs i.e. Commission Agent (Code-0301) or professionals or service service sector?? What is exact code to be used for LIC agent while filing ITR-IV??
2. Which part of ITR-IV needs to be filled by LIC agent???
3. Is CA certificate necessary if total annual turnover of LIC agent is upto 50lakh?
1. Under which sector LIC agent belongs i.e. Commission Agent (Code-0301) or professionals or service service sector?? What is exact code to be used for LIC agent while filing ITR-IV??
2. Which part of ITR-IV needs to be filled by LIC agent???
3. Is CA certificate necessary if total annual turnover of LIC agent is upto 50lakh?
04 July 2012
1. Commission Agent: You can also opt as Professional as this field provides flexibility to some extent.
2. All parts and pages be filled as as applicable. Nothing can be said now without knowing detailed figures and nature of other income.
3. Yes
V K Bajaj
contact@vkbajaj.co.in
2. All parts and pages be filled as as applicable. Nothing can be said now without knowing detailed figures and nature of other income.
3. Yes
V K Bajaj
contact@vkbajaj.co.in
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Bogus purchase treatment for it act gst dealer
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
