which ITR fro LIC Commission Agents Income below 1.20lk
This query is : Resolved
08 December 2010
sir
some of LIC and Other Companies Commission agent below 1.20 lk income per annum, tds 10 on gross income 10.15%. so we are used business and profession income under ITR 4 some other Person guide under other income filed ITR 2. why are u filed ITR 4. so wich is correct.
some of LIC and Other Companies Commission agent below 1.20 lk income per annum, tds 10 on gross income 10.15%. so we are used business and profession income under ITR 4 some other Person guide under other income filed ITR 2. why are u filed ITR 4. so wich is correct.
08 December 2010
ITR 4
Message likes :
1 times
09 December 2010
sir
thanks
a small doubt sir
a women assess income is 35012/- tds 3930 in bajaj alliaz insurence commissions u/s 194 h.
so i am filing irt 4 income is 29251/- declared and tds fully claim of 3930/-
is correct process.
balance sheet
sundry debtors NIL
sundry creditors NIL
cash in hand 1623
stock NIL
i am filling above figures balance sheet.
is correct
(last year one auditor is filing ITR 2)
no balance sheet maintain.
thanks
a small doubt sir
a women assess income is 35012/- tds 3930 in bajaj alliaz insurence commissions u/s 194 h.
so i am filing irt 4 income is 29251/- declared and tds fully claim of 3930/-
is correct process.
balance sheet
sundry debtors NIL
sundry creditors NIL
cash in hand 1623
stock NIL
i am filling above figures balance sheet.
is correct
(last year one auditor is filing ITR 2)
no balance sheet maintain.
09 December 2010
Why are you showing income Rs 29251/- where as it is Rs 35012/- as mentioned by you above?
09 December 2010
sir
the assess is earning income total 35012/- and his expenses i.e., (travelling and telephone, sadar, other miscellaneous expenses is claimed income is 83.55% declared the income in as per profit and loss account.
is right or wrong. (is my view only)
a lot of thanks sir
a top 10 scored member immediate reply to my question.
the assess is earning income total 35012/- and his expenses i.e., (travelling and telephone, sadar, other miscellaneous expenses is claimed income is 83.55% declared the income in as per profit and loss account.
is right or wrong. (is my view only)
a lot of thanks sir
a top 10 scored member immediate reply to my question.
09 December 2010
Ok. Got your point. You are absolutely correct. Also prepare a balance sheet and keep a printed copy for your reference. The figures of balance sheet as suggested by you above is correct.
Go ahead.
Go ahead.
09 December 2010
a lot of thank u sir
( very fast reply sir much more of thanks )
i am surprise ur answer with in second reply is grate sir )
( very fast reply sir much more of thanks )
i am surprise ur answer with in second reply is grate sir )
Message likes :
1 times
09 December 2010
Thanks Dear Nagendra, for your comments. We all experts always try to give our best.
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
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- Should I report my US salary for January, February, March in Schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- 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
