A salaried person has insurance commission income of Rs. 8000.00 in F.y. 2018-19. Can he filed ITR1 using insurance commission in other source of income ?
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 27 August 2019
Yes.... He can if TDS not deducted
ABHIJIT MANNA
(ACCOUNTANT)
(447 Points)
Replied 27 August 2019
No sir, the amount was reflected in 26AS and also deducted TDS u/s 194D, if he filed ITR3 in which coloumn he can show the commission income in case of non accounts case? Plz guide.
Kapadia Pravin
(17259 Points)
Replied 27 August 2019
There won't be an issue in showing under other sources of income. As amount is meagre. Claim TDS in TDS schedule by giving OS head in last column.
Atul M
(aaa)
(729 Points)
Replied 01 September 2019
As per income tax, Insurance commission is treated as income from business or profession , So you have to mandatory file ITR-3.
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