Insurance adviser's income

Amod Ranjan (Service) (356 Points)

31 July 2010

please let me know LIC agent's income goes to which head in ITR?

Reply
Follow
Share

6 Replies

Member (Management) (325 Points)
Replied 31 July 2010

Business. It cannot fall under any other head.

Ajay Garg (CA FINAL) (101 Points)
Replied 31 July 2010

ITR 4 WILL BE FILED ITS A BUSINESS INCOME

Manoj BG (Tax Professional and in Service) (1795 Points)
Replied 31 July 2010

ITR 4 ONLY.

REGARDS,

MANOJ

Nomula Sreenivasarao (DGM -Accounts) (163 Points)
Replied 31 July 2010

insurance advisors income treated as bussiness income , ITR 4 will be filed.

Mayur Arora (CA Final) (295 Points)
Replied 31 July 2010

u have to treat it under the head Profit or Gains from Business or Profession

chitrasen parida (CA Final Student) (99 Points)
Replied 31 July 2010

In ITR-4 : Business Income/ Code (0301)

Start a New Discussion