Which ITR to be filed for a person having income from insurance commission ??
He also has any other business and his main income is from that business and he earns only 8000 from insurance commission.
So whether he should file ITR-3 or ITR-4 ?
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Insurance Agent
Replies (7)
ITR is not filed just for insurance income, but for income from all the five heads.
Based on your major business income, better to file ITR3.
but sir for my major income i am filing ITR-4
How much is commission income?
Any TDS deducted?
Commission Income - 8000
No Tds deducted
Income from Other business - 400000
No Tds deducted
Income from Other business - 400000
Better to file ITR-3
@ dhirajlal rambhia sir please reply
If your business is eligible u/s. 44AD, you can file ITR4.
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