ITR need to be filed
Jitendra Kumar (75 Points)
02 July 2019
LIC agents post office agents need to file which ITR? please suggest
8 Replies
Jitendra Kumar
(75 Points)
Replied 02 July 2019
but agents do not earn from salary,they are commission agents
Byomkesh Dave
(student)
(104 Points)
Replied 03 July 2019
If TDS is deducted u/s. 194H or 194D, it will be treated as business income, and hence ITR3 mandatory.
Vaibhav Jain
(Accounts executive)
(24 Points)
Replied 03 July 2019
Hi
Yes, you have to file ITR 3. All the above comments are right in there own ways. To summarize the same, it can be said that, income from commission is treated as Income from PGBP but not covered u/s 44AB or 44AE. Hence its return cannot be filed through ITR-4 and hence ITR-3 needs to be filed.
In case of any clarification, please feel free to revert.
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