Income from insurance commission

CA Reshmi Greeting Kumar (Tax Consultant) (58 Points)

10 December 2014  

Hi,

My client has income from Insurance commission and I use ITR 4. But the income is less than 60,000 and hence adhoc deduction applicable. So, in ITR only a very few boxes need to be filled in and all other columns, in PL and BS and others remain unfilled. Is this ok, or shall I use ITR for Income from Other Sources.

Please help.

Reshmi