Commission Income u/s 194D

Deepanshu Garg (Student) (273 Points)

30 December 2020

Earned commission as LIC agent. TDS deducted u/s 194D.
Where to show this commission income under PGBP or Other Sources ?

Thanks & Regards

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4 Replies

Smit Shah (524 Points)
Replied 30 December 2020

If being an LIC agent is part your substantial activities then it should be disclosed PGBP

1 Like

Balamurali Unnithan MS (STUDENT) (1631 Points)
Replied 30 December 2020

Disclosed as business / professional income

1 Like

Krishna Chaudhary (Accountant) (4531 Points)
Replied 31 December 2020

It will be treated as normal business income

1 Like

Deepanshu Garg (Student) (273 Points)
Replied 31 December 2020

So, it has to be filed u/s 44AD with proper balance sheet and P&l or any other section ?

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